Long

BTCUSD Bullish projections

Updated

If you don't know the drill by now I think you need help.

Watch for possible rejection near the E target of our last wave, linked to this post.

Frankly this looks like an E wave.

God help us.

Note

Jumped the gun. These targets have been sullied, even if by only a 700 usd. The general idea is the same and once a more definitive bottom is found(maybe the current bounce on the kumo we are seeing?) I will be updating these projections. Thank you.

Note

I apologize for not being available, my working hours have changed.

In order to discuss what is happening, I must refer to this

BTC has gotten close enough in my opinion to have "satisfied" the E target for these above projections.
The subsequent selloff was therefore reasonable and was to be expected. People sitting with significant profit realized their gains.
BTC for this reason fell down to the old "possible rejection zone" which is now acting as support. BTC has shown significant buying strength there and in mere hours surged back above the old N and V targets, which are also acting as support.

In summary, BTC is showing strength at these price levels through its price action, at least for the near term. If it enters the mid 16000s I will likely update this projection with the appropriate targets for this movement.

Note

Here are our updated projections

We are within the potential rejection zone now.

Note

BTC is giving us some promising behavior but nothing to get too excited about so far.

Note

BTC is up and well away from our rejection zone. Feeling good about it right now.

Thegreatomski

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BTCUSD Bullish Projections

by Thegreatomski

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