Seems to me (though I am learning) that we are in the first corrective wave of a larger wave. I think we will bounce off of $10,200 and then work our way towards 15k. Its possible we reached the peak of the channel and seen a pivot into a new pattern though I am feeling short term bearish and remain long term bullish
Note
Noticed wave ratio's that say wave 2 falls to 50-62% of wave one which would put it around $8-10K so my bounce target seems high. Just learning and sharing idea's.
Note
Perhaps just above 10k will be the end of corrective wave A. I need to read more about Elliot Waves
Note
Looking for an entry
Note
Possible end of correction wave. Should know soon. Still could be bearish as descent was steep
Note
Seems the correction wave ended and we are seeing a tight channel for now.
Note
Nailed the bounce by $50. If this is the start of a larger wave 3 then I can see BTC pushing for a new ATH on this wave. Pretty sure the correction wave is over and we are ascending a larger wave 3.
Note
Lets see where this takes us. Staying bullish
Note
Ascending nicely. Trying to plan a profit point
Note
Wild guess for BTC. Testing thoughts on Wolfe waves
Note
Its possible (im still learning) that we are still in the corrective wave. My guess is that it will end at about $9500 and 10-11pm UST before ascending again
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.