BTCUSD
The PROOF is in the PUDDING
Beauty and the Beast
Its ALL in the charts, accurately nailing targets on BOTH sides, TOP & BOTTOM
Try find a TA on TV, YT or CT who has been THIS accurate
If you can't handle the bearish targets during correction, it means you ain't a true trader and don't got the guts or the balls.
Real traders bank profits on BOTH sides of the trade, not just during 'up-only' (so many got caught off-guard uptop above 60k yelling BTC 100k while the signals were all clearly there for over a month, just like during pre-may dump).
1 last & final leg missing to this beautiful beast, and if/when she starts to drip, sooooo many cryptomaniacs are going to be completely mind-blown & surprised
If you read this and saw my chart, then you now know what to be looking out for.
Good Luck
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for reference yellow arrow
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everything nice like sugar & spice
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current wave favoring i (red) still in pregress looking for another low before retracement for wave ii (red)
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alternative view to current wave (less likely); i & ii completed, iii in progress
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wave i red can be favored as completed. met all criteria + bullish divergence on RSI however am favoring 1 more LL before retrace upto 0.618 of entire wave i red move. retracement above current 4 can favor i (red) as completed
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whenever i red is completed, expect 3 wave bounce to complete ii.
3 wave bounce will be 5 swings in a, 3 swings lower in b, then 5 waves in c to complete ii (red) upto 0.618 fib of measured move frm beginning to bottom of i red. can always extend bit higher or fail to extend fully (market will decide not us)
3 wave bounce will be 5 swings in a, 3 swings lower in b, then 5 waves in c to complete ii (red) upto 0.618 fib of measured move frm beginning to bottom of i red. can always extend bit higher or fail to extend fully (market will decide not us)
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the bullish scenario favoring bulls, which imo is less likely considering wave structure & divergence, but still possible is this ABC scenario which if plays out can favoring 33k as start of 1st new bullish leg giving this ABC a reason to label it as wave 1 & 2 of wave (1), will need to play out FIRST, then confirm the restest to stay above. Until then, its just a less probable scenario
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updates & adjustment to wave count
choppy weather, corrective price action.
alts will fly high.
if BTC continues, our mid 20s target is still on course.
choppy weather, corrective price action.
alts will fly high.
if BTC continues, our mid 20s target is still on course.
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if you notice, the uptrend have more of a 3-wave bounce while the downtrends have clear 5-wave bounce. When this will change and resume the bulltrend, we can become much more bullish. FOr now, we remain bearish and trade the trend while scalping in between the wave counts
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wave (v) may be completed. if not, shouldn't have much further downside. If you've accumulated at the lows, you should be fine. Take profits along the way as we go re-test 48k high. if wave count is correct, then wave 2 should take us to a maximum of 0.764 retracement. If we break past 48k, then wave count will need to be readjusted.
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