BTC Near Term Alternative
Updated
As an alternate to my previous BTC near term idea of a micro a,b, and c in subminutte iv I think that this could also be a WXYXZ pattern given the complex mess of zig-zags the target for Z is either 61.8 at $28869, 100.0 $31037 at or 123.6 at $32376.
Note
Sub-micro (A) and (B) are in, price target lowered to 31768.66 if sub-micro (C) extends to the 161.8 of AB.Note
Bearish price target downgraded to 30,800; bullish price target at 34,593.Subminutte WXYXZ sub-division:
Zig-zag in W, running flat in X, expanded flat in Y, regular flat in X and an expanded flat in Z.
The limit of Z is the 161.8 of W at 34,593. The submicro C (expanded flat) in subminutte Z hasn't yet met the 161.8 (~30,800) extension of submicro a and b so it may push for more.
Note
Extension in submicro (3). Updated price target to around 32,500.Note
Original target met. Possibility for a little bit more upside but expect subminutte i of minutte (v) to begin unfolding over the next few days.
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