BitcoinShort
Bitcoin C Leg of Zig Zag in a WXY Targeting 7600 Aug 26th
Updated
Hello.
Current estimate for the end of the Zig Zag playing out in a combination
(Flat with failed B leg, any three, zig zag, potential wxyxz)
The Flat having a failed B leg created a Falling Three Peaks
Current estimate for the end of the Zig Zag playing out in a combination
(Flat with failed B leg, any three, zig zag, potential wxyxz)
The Flat having a failed B leg created a Falling Three Peaks
Note
Head and ShouldersNote
Bars mirrored and flippedNote
Note
Estimating WXY to finish around $7250-$7600Note
Zig Zag playing out wellNeck line broken from Head and Shoulders
Stalled at the Pitch Fork mid point
New lead in created, expecting a sudden bump soon
Note
Wolfe Wave to help with timing? Estimating September 3rd for a target around $7500
Note
Strong retracement back to the neck lineIf we break it I feel we go higher
but thinking this is a good place to turn around
Note
Still thinking we are going lowerLooks like Y leg (zig zag) already finished
and we are in a A leg of second X in a WXYXZ
If we go back above the neckline,
then I think a WXY could be complete
Note
Current estimateI still feel the correction isnt over and that we are in a WXYXZ
The main reason I am still bearish is because wave 2 is supposed to retrace 61.8% or more
and we havent even hit 50% retrace
A break outside pitchfork 100% says next impulse
Note
Current EstimateThinking we are in a Triple Three
If we break the top of the pitchfork then we are impulsive
but i think we will reject at the pitchfork top and then begin Z of Triple Three
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