Bitcoin next leg down, target $7250ish?
Looks to me like we are finishing up the Any Three X leg of a WXY.
Thinking we will see a Zig Zag rapidly dropping us to $7250
Falling Three Peaks playing out. Channel holding strong.
Estimating next Third Impulse up begins August 26th
Estimate established early July
https://www.tradingview.com/chart/BTCUSD/LxMVCA2f-Bitcoin-due-for-over-50-correction-or-forming-wave-4-triangle/
https://www.tradingview.com/chart/BTCUSD/Jetu2mXE-Bitcoin-ending-the-month-at-12k/
Thinking we will see a Zig Zag rapidly dropping us to $7250
Falling Three Peaks playing out. Channel holding strong.
Estimating next Third Impulse up begins August 26th
Estimate established early July
https://www.tradingview.com/chart/BTCUSD/LxMVCA2f-Bitcoin-due-for-over-50-correction-or-forming-wave-4-triangle/
https://www.tradingview.com/chart/BTCUSD/Jetu2mXE-Bitcoin-ending-the-month-at-12k/
הערה
Potential Triangle formingbooks say triangle always occurs prior to the final wave
Bearish Hanging man formed on daily
Fib Circles show a potential reversal
Watching for position
הערה
Upthrust before mark down?הערה
Current thoughtsLots of bullish sentiment, I still remain bearish
הערה
הערה
Estimate, shorting next lower highהערה
Thinking $11500 (60ema) will be our higher low but Camarilla pivots show potential at $11700
הערה
Last 4 hour candle for the dayExpecting a reversal soon
הערה
הערה
Rough estimateThinking we will bounce short term around $9600
הערה
הערה
Re-entering my short targetsIf we break above $10350 then I will watch for an entry at $10550
Low probability target at $11100
הערה
looks like an ending diagonal with RSI divergenceהערה
estimateהערה
Just noticed, we may be making a bearish batprice estimate, date/time not set
הערה
EstimateThinking we are still working on the A leg of a Zig Zag
Targeting $8950 before the ABC - B leg of ZZ
I cant see this being the E leg of A of a ZZ
daily candles dont look to fit an A leg of ZZ
הערה
Thinking my estimate of the Zig Zag could be too compactedAlternate estimate I am considering to prepare for
הערה
Alternate estimate #2הערה
As an updated view of original estimateהערה
Two current estimatesIm still learning characteristics of Zig Zag (alone or in combination)
Higher Target $7600
Lower Target $7250 (last update image)
הערה
current estimate
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.