BitcoinUpdated BITCOIN Potential MASSIVE Head & Shoulders TOP = Target $4k
Potential Head & Shoulders Top in the ellipse. 100% of wave A from B
would potentially Target Wave C where I drew the red dashed line which is in
the proximity of the prior wave 4 symmetrical triangle.
Prior wave 3 is the left shoulder while the prior peak is the head and my current Wave B label would be the potential right shoulder in play.
Currently, Wave B is at an approx retracement of 78.6%. However, wave B's can surpass the prior peak and still remain valid. Such a move would indeed nullify the potential H&S top, BUT then a potential expanded wave B would potentially project Wave C lower than my present approx 4k estimate.
In my humble opinion.................
would potentially Target Wave C where I drew the red dashed line which is in
the proximity of the prior wave 4 symmetrical triangle.
Prior wave 3 is the left shoulder while the prior peak is the head and my current Wave B label would be the potential right shoulder in play.
Currently, Wave B is at an approx retracement of 78.6%. However, wave B's can surpass the prior peak and still remain valid. Such a move would indeed nullify the potential H&S top, BUT then a potential expanded wave B would potentially project Wave C lower than my present approx 4k estimate.
In my humble opinion.................
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Wave B(within regular flat) within the potential H&S Top is still valid. However, the 78.6% retracement failed. Next potential resistance/reversal point is between now and 63k-ish(88.6%) in my humble opinion...........Trade active
Nicked the 88.6% and pushed a little through it and failed to hold above at 64k. Sentiment is over the moon! Vigilance is a top priority in my humble opinion!All the best!
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Now THAT is what I call THE MOTHER of all signals, in my humble opinion YEAH!Trade active
This pattern/idea is still in play. However, I posted some newer ideas along with updates that look in on smaller time frames as ENTERTAINMENT just like on higher time frames.In my humble opinion(equals disclaimer)
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I found this article to be quite interesting: Here's the title,This Indicator Suggests a 47% Correction for Bitcoin (BTC) to $32,000
On another note: Yesterday's volatility displayed and reminded us about the dangers in bitcoin. Exchanges not being able to handle demand and had a glitch, some account holders not being able to participate due to high traffic and had their account balances shown to be zero. Wow imagine being in such a situation.
In my humble opinion............
All the best!
Order cancelled
H&S shoulders top void due to making a new high which I am describing as an expanded Wave B targeting a retest of the November 2021 low as referred to on other ideas. In my humble opinion.........
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