Here is a forecast for how BTC wave 5 could go. Nothing is guaranteed, so take it with the proverbial grain of salt.
1. (YW) BTC has made a rising wedge and drop below the LTL somewhere 31-32k after making a high around 33k. The lower target for this (ORG) is a minimum of fib 618, about 22k.
2. BTC moves up in scallops (org), so wv 1 & wv 2 both made inv scallops, so i expect something similar for wv 5, but wv 5 has also made spikes, so stay sharp for volatility.
3. WV5 will make a sub-wave impulse structure, which was setup with wv 1 last week. the boxes (org) are target zones for wv3-5 to reach 33k.
4. BTC WV 5 likes to end at 1.127 FIB, therefore the HH TGT on the main impulse is 33k. (purp)
5. Horizontal dashed lines are weekly levels
6. gains will typically roll from BTC to MEME coins during WV 3 peak to WV5. (BLU)
7. BTC corrections follow a WXYXZ pattern, which fits the ABC pattern also. I have placed wv A at the weekly level and for B to reject from the 62k TL, or apx 27,500.
8. Ichimoku projection on the 2D TF places HH around the first 2 weeks in July...big moves have been known to happen on US holidays, so I will be looking for HH / short opportunities in early July, especially around July 4th.
9. VPOC is around 19k and there is a D1 CME gap 20-22k, therefore I set the LL target in this region.
1. (YW) BTC has made a rising wedge and drop below the LTL somewhere 31-32k after making a high around 33k. The lower target for this (ORG) is a minimum of fib 618, about 22k.
2. BTC moves up in scallops (org), so wv 1 & wv 2 both made inv scallops, so i expect something similar for wv 5, but wv 5 has also made spikes, so stay sharp for volatility.
3. WV5 will make a sub-wave impulse structure, which was setup with wv 1 last week. the boxes (org) are target zones for wv3-5 to reach 33k.
4. BTC WV 5 likes to end at 1.127 FIB, therefore the HH TGT on the main impulse is 33k. (purp)
5. Horizontal dashed lines are weekly levels
6. gains will typically roll from BTC to MEME coins during WV 3 peak to WV5. (BLU)
7. BTC corrections follow a WXYXZ pattern, which fits the ABC pattern also. I have placed wv A at the weekly level and for B to reject from the 62k TL, or apx 27,500.
8. Ichimoku projection on the 2D TF places HH around the first 2 weeks in July...big moves have been known to happen on US holidays, so I will be looking for HH / short opportunities in early July, especially around July 4th.
9. VPOC is around 19k and there is a D1 CME gap 20-22k, therefore I set the LL target in this region.
