By george I think i've got it! My count (adjusted) Bitcoin
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I think we are in wave 3 of an extended wave 5 of 5.
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blue shows where I believe we are within wave 3 (zoomed in)הערה
Price at resistance but showing no signs of slowing down. RSI broke the trendline, Stoch RSI looking good, MACD crossed. All systems go.הערה
Great newstwitter.com/lopp/status/925870585611091968
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Looks like wave 3 is complete:הערה
Targets for wave 4 are the purple line ($6850 or so) and if that doesn't hold then the blue fib ($6350 or so)הערה
If the price makes new ATH's then i'm wrong and wave 3 is still in progress.הערה
$6900 bottom close enough...I think that's it for wave 4, time for wave 5: הערה
Wow looking great moon moon moon. Seems to confirm 69xx was the bottom. Slight adjustment here, wave 3 is still in progress I think:הערה
Looks to me like wave 4 is in progress:הערה
bouncing now but don't think we're out of the woods yet, seems we are going up to make former support resistance then we head down to finish the correction to 6k-$6300 or so. Then new ATH's.הערה
I think that's it for wave 4 guys:הערה
Eh, bad call, sorry guys. It happens, but as far as the count goes, still totally valid as long as we dont go below 5k.הערה
Looks like a good risk reward here, possible 4 is now complete. Careful though, if it goes below $5500 going straight to 5k. הערה
Looks like we're going to test 5k...הערה
Eh maybe I spoke to soon, we'll see. Honestly could go either way. Probably which ever breaks first $5600 or $5900-6k.הערה
Could not break through 6k...הערה
So well see, could go either way.הערה
Looking good, as long as we stay above 6k than I think wave 4 is complete:הערה
Looking great, and now we have a beautiful bull pennant forming:הערה
Short term target reached more or less:הערה
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Keeping an eye on the 1.38 extension...if we can successfully clear this level, the uptrend resumes...if not still can expect a decent pull back before we go to 10k+הערה
Just updated the fibs to take into account the new high, again unless we break the 1.38 ext (around $8500) still expecting this pull back for wave 2 of 5 of 5:הערה
Sorry guys, forgot to update this one, price broke above $8500 and pulled back a bit and went higher, seems clear we are going up and the uptrend continues. Could get still get that pull back from higher prices, well see.הערה
Could still go higher tough to say but regardless I think this is just the first wave, so could get something like this soon:הערה
Stoch RSI overbought on every time frame from 30m up to the 1 week...could get something like this soon:הערה
Went a bit higher, but starting to slow down a bit, might finally get that nice drop here. So, been thinking about it (and I don't want to scare anyone lol) but it is *possible that this was the entire 5th wave and the cycle is complete. NOW, I don't think that's the case, I think more likely this is just a 1 and 2 of another big impulse up. But its important to consider all possibilities. So if i'm right, and we head down, this is either the start of an "A" wave of a big A-B-C correction, or its just wave 2 of a huge move up. Again I still think the latter is more likely. We have no way of knowing, so let's see how the market reacts to the next dip (assuming it actually comes): הערה
Here's a visualization of what I mean on the daily chart, looking for a nice pullback, and then either the green arrow scenario or the red arrow scenario. Let's hope it's green : ) הערה
*Sorry 1 should be: 1/5, and 2 should be 2/A!! Hope that makes sense.הערה
Like this * הערה
Looks like she's got more steam left in the tank...still think we'll get a nice pull back soon...then I will basically look to see how we react to that dip...הערה
Time to ruin the fun?הערה
Guess not, so wrong haha. If it can maintain 10k who knows how high it can go.הערה
HMM okay, finally reached the target of this chart. This is strong resistance, if we're goign to get a pull back it should come in this range. If not, you can just throw the charts out the window : ) Anyway, few premature pull back calls aside, ended up being a nice chart. Will probably publish a new one instead of updating this one going forward. Gluck all.
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