Top In For Wave 1 Circle, Looking for $4500-8000 Correction
This is really just a follow-up on my previous BTCUSD chart....now looking at short opportunities.
The 50% is around $6600
0.618 is around $5500
0.764 is around $4500
If we hit $8K rather rapidly (days/week), I would expect a more complex correction.
The upward projections are using Log Fib extensions and are based on a low of $6600 for wave 2 Circle....which will probably change.
The 50% is around $6600
0.618 is around $5500
0.764 is around $4500
If we hit $8K rather rapidly (days/week), I would expect a more complex correction.
The upward projections are using Log Fib extensions and are based on a low of $6600 for wave 2 Circle....which will probably change.
Trade closed: target reached:
We could still reach $6600-6800...BTCUSDSHORTS are extremely low....expecting them to jump up closer to THE bottom. Looking for long positions.
We still probably have a ways to go down in price. At some point, I think shorts will dramatically jump up and that's when I start thinking about getting in everything....long of course.