Seems to me (though I am learning) that we are in the first corrective wave of a larger wave. I think we will bounce off of $10,200 and then work our way towards 15k. Its possible we reached the peak of the channel and seen a pivot into a new pattern though I am feeling short term bearish and remain long term bullish
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Noticed wave ratio's that say wave 2 falls to 50-62% of wave one which would put it around $8-10K so my bounce target seems high. Just learning and sharing idea's.
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Perhaps just above 10k will be the end of corrective wave A. I need to read more about Elliot Waves
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Looking for an entry
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Possible end of correction wave. Should know soon. Still could be bearish as descent was steep
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Seems the correction wave ended and we are seeing a tight channel for now.
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Nailed the bounce by $50. If this is the start of a larger wave 3 then I can see BTC pushing for a new ATH on this wave. Pretty sure the correction wave is over and we are ascending a larger wave 3.
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Lets see where this takes us. Staying bullish
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Ascending nicely. Trying to plan a profit point
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Wild guess for BTC. Testing thoughts on Wolfe waves
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Its possible (im still learning) that we are still in the corrective wave. My guess is that it will end at about $9500 and 10-11pm UST before ascending again