Bitcoin by the numbers

This is my best estimate of what is going to transpire short term. If the price does not break the 78 Fib to the downside then this is a Wave 2 with a 3,4,5 to follow. If this is not the case, I'm out until $8,500. I don't think we are going there yet, if ever, but that is what I keep reading everyone else saying. Probably all the more reason for me to believe my count will be right. :0)

Remember, I'm a Bitcoin HODLer, not so much a trader. Use my charts at your own risk and do your own research before investing anything. I am not a financial advisor and have never even played one on TV.

P.S. The 61.8 and the 78.6 Fibs are ideal locations for a Wave 2 termination. If this count is correct we could turn at any moment. We don't have to go all the way down to the 78.6 level.

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1 hour view

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5 waves followed by an ABC making up a larger 5 waves to the upside.

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We may be coming down to the 78.6

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The pink 2 should be on top of the green candle. It doesn't matter, the count is the same.

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I said "MAY" we won't know until the 61.8 is broken.

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A closer view

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Again, this lower count is only valid if we break the 61.8 Fib

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The price is building a strong case that the 61.8% Fib was as low as it wanted to go for this wave.

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Of course for this to be the turn we need to start breaking the Fibs in the Northern direction......

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I don't know guys, I'm really struggling with the smaller counts. I still can't find a good place for wave 4 to end without breaking into wave 1. The below makes sense even if nobody wants to see it.

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I'm saying that is how it has to play out, just that it looks like a much better count than what we've seen so far.

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Just as I suspected, the 78.6 Fib is definitely on the table

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I took off a little bit around $9900 and just put it back on at the 78.6 Fib. Waiting to see if we turn here or continue lower....

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BINGO!

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