In my previous post, said I'd only consider re-entering BTC/Alts "if it pulled back to ~8150 first" (before getting to 8315 target).
It did exactly that, shot up after retracing to 8150.
I just didn't expect overshoot to 8400.
I will update with proper wave count and next targets after this settles a bit.
It did exactly that, shot up after retracing to 8150.
I just didn't expect overshoot to 8400.
I will update with proper wave count and next targets after this settles a bit.
Note
Previous post & chart:"Potential count where Bitcoin attempts a Bull Flag for a small push to ~8320.
I'll sit this one out as I believe if it does reach there, it will correct after, & the risk to reward isn't good.
Would only slightly consider if it pulled back to ~8150 first.
Support below @ ~8050."

Note
Bitcoin still moving according to plan & targets so far. Notice we are stalling (small correction) in the same resistance area I pointed out in my last update (~8300 range).
Several upside targets marked, you'll have to observe real-time momentum/volume to determine where it may hit.
I'm unsure at the moment if Bitcoin is on a large subwave-1 (which I am hoping), or already completed 3 small subwaves.
The size of this correction area should give us clues.
If only completed subW-1, then naturally, upside targets are higher.
Note
Posted on Twitter that I believe price may get lower.Update coming.
Note
(New updates will be placed in my new post - Lined to the bottom)My updated thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
My thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
I update more frequently on Twitter than on TradingView.
Twitter: AndrewEDavis
twitter.com/AndrewEDavis
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Disclaimer
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.