Bitcoin Bull Market Play
Updated
Bit of a long shot, but this new move hopefully follows my previous chart idea that played out well and is nearly complete also.
As before, I'm not really focusing on timings, only the Elliott Wave counts.
First...
Price should soon head up and hit my 5th wave at around 40K-40.8K. However, price could come down first, to around 36.8K - to tap anups new virgin monthly CPR.
Worth noting that last month's CPR didn't get tapped at all (but this just seems bullish to me).
Next...
ABC correction
1) TP your Long + Short around the 40K range.
Then...
Brand new Elliott Wave
2) TP your Short + ladder Long term Longs at the C wave (1.618 - 2.618 range). This looks to be 24K or lower, but in case we don't get a heavy ABC correction, I'm going to start building my Longs from around the 30K mark - I'm not missing the run.
Finally...
Ride the Elliot Wave until the Bull market tops out.
3) TP around 56K (1.618 range).
4) TP around 78K-80K (2.618 range). This is where I think we finally top out.
Moonboy?
Zoom right out if you want to see some TP5 (120K) and TP6 (179K) Moonboy targets. These TPs are still (roughly) calculated and so are potentially possible one day - but I don't think we go much above 80K this time around.
Let's see...
As before, I'm not really focusing on timings, only the Elliott Wave counts.
First...
Price should soon head up and hit my 5th wave at around 40K-40.8K. However, price could come down first, to around 36.8K - to tap anups new virgin monthly CPR.
Worth noting that last month's CPR didn't get tapped at all (but this just seems bullish to me).
Next...
ABC correction
1) TP your Long + Short around the 40K range.
Then...
Brand new Elliott Wave
2) TP your Short + ladder Long term Longs at the C wave (1.618 - 2.618 range). This looks to be 24K or lower, but in case we don't get a heavy ABC correction, I'm going to start building my Longs from around the 30K mark - I'm not missing the run.
Finally...
Ride the Elliot Wave until the Bull market tops out.
3) TP around 56K (1.618 range).
4) TP around 78K-80K (2.618 range). This is where I think we finally top out.
Moonboy?
Zoom right out if you want to see some TP5 (120K) and TP6 (179K) Moonboy targets. These TPs are still (roughly) calculated and so are potentially possible one day - but I don't think we go much above 80K this time around.
Let's see...
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Although I still feel this current 5th wave ends in the low 40K range, there's a fat 1M Supply zone just above, so price could actually extend up as high as 48K
(or even higher).
Wont TP everything at the 40K range and will ladder my Short.
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TP1 just tapped.Still holding a moon bag in case BTC wants to pump.
Have hedged a low lev Short for the ABC correction (I hope).
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Really want this to be the A-wave of the ABC correction, but BTC looks pretty hungry after that last retrace. Trade active
Price didn't retrace anywhere near to what I thought it would, so I'm now looking at TP3 (55K-56K) sooner rather than later. A fat retrace would be healthy (appreciated) I think, before heading back up to the 79K range, but BTC just keeps pushing upwards.
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What a tap - 56K-57K wicked nicely. This means that price is now at wave-3 (1.618) of my second white wave. After a retrace to wave-4, we will only have wave-5 (2.618) left, which is is my call for the top (around 79K range).
Surely the run can't be over this quickly?
I really can't see a new ATH before the halving, but who knows.
I still think we have some serious downside first, before eventually heading back up in 2025 - to moon (79K or even moonboy @ 120K and 179K).
Let's see.
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