Short

bitcoin during christmas

Updated

I think bitcoin is now almost starting the c wave of the 4th wave of the A. We could see something like this play out in the coming days.
Volume again is very very low so it could take some time!

Since my previous idea i had to relabel the subwaves, if this plays out i will show the count on a larger timeframe

pls follow me here on tradingview and on twitter for newest updates and press the like button if my ideas helpt you!!

my twitter account: @DaveCrypto83

Note

i was expecting (and with me i think the most ew traders) a bigger correction to around the 3700/3800 region, but this did not happen.
What i had as the a wave of the 4th was the complete correction

Now bitcoin is hugging resistant, this could be the end of the 5 waves and the completion of the A wave (on the target that i had above).
The length of the 5th wave is now the same as the length of the 1st wave, so it is a good possiblility

BUT if the resistant breaks there is still a lot of room to finish the 5th wave a lot higher...

IF this was the end of the 5th and A wave, then the next targets are in play. If btc does break the resistant i will change the targets

Note

the resistant did not break,and the the impuls for the Big A wave was done.

now busy making the B wave, where the A wave seems to be about finished.
i am looking for a retracement of around 61% (between 50-84%) for the b of the b wave

Note

the last 12 hours almost nothing happened, but it seems that bitcoin finally started the b wave

Trade active

still almost no volume, but still following its path

Note

still crawling to his targets

Note

i had to relabel the last wave of the c wave of b
on the 30 min chart you get a nice overal picture of this structure, we are now busy or almost done with wave 1 maybe a little leg up

dave83

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