BTC - Revisiting the Prior Potential Wave Count from Last Week
Updated
What up crypto hawks!
Ok... so this original count can work on several levels. I've added some subwaves for reference purposes.
I'm seeing more gloom and doom projections, like down to 4k or 3.5k... but I'm gonna stay basically bull here.
No matter HOW you want to count the elliot waves (many don't believe in them but I do) like for instance whether or not the
Wave ONE (subwave 5) ends where I have it here, or it ends where I have the B wave here...
IN THE BIG PICTURE we still have a WAVE THREE still to come. At least from my perspective.
I'm trying to clock the big picture... and not the finicky micro details.
Right now it appears to be finding a support at approx $9300, and that ABC kind of makes sense this way.
Were it to turn here to a WAVE THREE... we will have a potentially bullish double bottom.
And that juju could help with a WAVE THREE launch.
I've included a link to a recent previous alternate way of counting (with price targets) to compare.
In the alternate count, this mark of $9300 is smack in the territory of the bottom of previous subwave 4 of ONE.
And for now it's holding on this 2 hour chart.
Lot's of news some think are driving the market, but as elliotician Haejin Lee sez... the news follows the waves.
Hearing rumors of TA failing in this current market, and peeps are afraid to even try...
but WHOOP! There is is.
Cheers.
Ok... so this original count can work on several levels. I've added some subwaves for reference purposes.
I'm seeing more gloom and doom projections, like down to 4k or 3.5k... but I'm gonna stay basically bull here.
No matter HOW you want to count the elliot waves (many don't believe in them but I do) like for instance whether or not the
Wave ONE (subwave 5) ends where I have it here, or it ends where I have the B wave here...
IN THE BIG PICTURE we still have a WAVE THREE still to come. At least from my perspective.
I'm trying to clock the big picture... and not the finicky micro details.
Right now it appears to be finding a support at approx $9300, and that ABC kind of makes sense this way.
Were it to turn here to a WAVE THREE... we will have a potentially bullish double bottom.
And that juju could help with a WAVE THREE launch.
I've included a link to a recent previous alternate way of counting (with price targets) to compare.
In the alternate count, this mark of $9300 is smack in the territory of the bottom of previous subwave 4 of ONE.
And for now it's holding on this 2 hour chart.
Lot's of news some think are driving the market, but as elliotician Haejin Lee sez... the news follows the waves.
Hearing rumors of TA failing in this current market, and peeps are afraid to even try...
but WHOOP! There is is.
Cheers.
Note
There goes the resistance at $9300! DOH! Man that 2 hour red candle was hauling balls. Like watching blood drip.Next stop... $8800
Note
Well... even I was freaked out today watching. But here we are 10 hrs later, and it's still only $75 below my bottom target of $8,800 at that 0.5 fib.Note
$8,883.00 12 hours later. Will it hold?Note
Target pretty well hit! It went below, back up and out hung out inside for a good while, and has traveled back above for now. By target I mean that green box. You can click the "load new bars" arrow to see for your self the wave action relative to my target. More up or more down is the next question.
I'm rooting for that WAVE THREE to get sparking with a passion.
WHO'S WITH ME!
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