IF,
Wave 2 is allowed to ABC correct into Wave 5, $10.5k BTC is the bottom.
- BTC typically retraces to the 0.618FIB.
- The 85% Draw Down is met @ $10.5k / 0.618FIB
MACRO Wave 2 (CYAN) is ALLOWED to ABC correct (RED) into MACRO Wave 5 (ORANGE) the previous '19 ATH meeting the MACRO Trend line.
- The '14/'15 Fractal is also in the same channel.
- BTC is touching the top trend line channel. Capitulation?
I rescind my "$14.5k Official BTC Bottom" Idea.
Good luck all holders on this bull run.
Wave 2 is allowed to ABC correct into Wave 5, $10.5k BTC is the bottom.
- BTC typically retraces to the 0.618FIB.
- The 85% Draw Down is met @ $10.5k / 0.618FIB
MACRO Wave 2 (CYAN) is ALLOWED to ABC correct (RED) into MACRO Wave 5 (ORANGE) the previous '19 ATH meeting the MACRO Trend line.
- The '14/'15 Fractal is also in the same channel.
- BTC is touching the top trend line channel. Capitulation?
I rescind my "$14.5k Official BTC Bottom" Idea.
Good luck all holders on this bull run.
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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.
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.