Bull flag only half complete? Moving towards point 3 of giant Wolfe wave? Also we have not retraced back yet to 50-62% for a corrective wave. I suspect a short lived bull run back towards the historic resitance trend line then back down to $8000-9000 I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern and we seem to be in the ABC pattern now of the corrective wave / bull flag
Estimates Target entry $8000-$8800 beginning of March Target profit $14500 March mid to late March
First image shows in violet what i hope will be the path of a Wolfe wave leading us to a reversal into wave 2 of a larget Elliot wave
Lets add a little head and shoulders maybe?
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I expect this next week to be very violet swings The weekends low will be difficult to predict as it could also be very violent
In light blue are potential price paths, still early to tell Setting entries between $8300-8800 Anything between $8300-8600 would be sweet spot
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Potentially testing historic resistance trend line BTC to go up to $10900?
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Now we go down from here?
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Estimating we are still in the ABC of the corrective wave
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