BITCOIN - $95.5 Before $104

4 בפבר׳

A 3 wave upside correction gets all the juices flowing in non technical traders who come rushing into buy.

The deceptive aspect of this wave is that the 3rd sub wave is an impulsive 1:1.618.

To the untrained eye this looks like a runaway train.

But in fact the sudden increase in volatility is a signal that the trend will quickly exhaust.

The Wyckoff slightly higher high upper wicked candle was a nice little signal that the wave was completing at the 1:1.618 Golden Window and that was a nice opportunity to take profit.

The blue band is the higher time frame retracement Golden Window (0.618 - 0.786) - which was also hit.

So this was quite an obvious confluence and short term sell point.

There may well be another high volatility dump before this area is done.

Bitcoin will see $95.5 before $104 and could go deeper.

Not advice

4 בפבר׳

הערה

If you like my content and would like to see more of it then a BOOST is a good way to communicate this and gets my thread higher in the TradingView listings.

The more BOOSTS I receive then the more it shows me that there is interest and thus I am more likely to make content.

If you don't have time to BOOST then I will be less likely to contribute to free content websites such as TradingView.

Thanks for the support 👍🏻.

5 בפבר׳

הערה

Down we go and Bitcoin came very close to my target.



Bitcoin and altcoins are now shallowing out so the pivot low may well be in this local area.

It may make another slump to hit my target but its very hard to tell...

Btw did you see the wild shooting star candle on Bitcoin (and related) dominance chart ?



Could be some bullish times ahead for altcoins 😼.

But remember you've got to pick them.

If you're picking coins because you like the sound of their project etc then you're not going to get the best technical buy.

And there are some very appetising charts in this area...

Might be one last slump for Bitcoin; its very hard to tell in the very near term.

But this gravy train will get moving to the upside soon enough 🚅.

Enjoy the ride 🚀

6 בפבר׳

הערה

On target.

7 בפבר׳

הערה

If you like how this call is going and you haven't hit the BOOST button; go ahead and hit it. The "currency" on this website is BOOSTs and more of them will mean more TradingView members will see my content.

The aim of what I am doing is that more TradingView members will see my content. So if you hit the BOOST then you are doing your bit to assist me in achieving my goal.

If you dont want to spend the energy of mouse clicking to support my work, then thats just fine because I dont need you to read a chart and I dont need to post here.

Only 16 posts so far, i'm not feeling too motivated to make another thread....

7 בפבר׳

הערה

Lets gets this thread up to 50 BOOSTS and i'll make you another thread within the next 2 weeks; or when the next action happens...

Hows that 🤔?

8 בפבר׳

הערה

$95.6...

9 בפבר׳

הערה

Getting close to my 95.5K target again...

I have some more content to add here but I'll leave it until I get a few more BOOSTS.

If I dont get the BOOSTS then i'll post what I was going to write retrospectively.

Free charts for BOOSTs - its a good deal 😂.

9 בפבר׳

הערה

Target hit - GG.

10 בפבר׳

הערה

Roaring bounce from my target price point.

Thats how its done 🦁

12 בפבר׳

הערה

GG.