It's hard to pick this out because there are 2 options for how to count these waves in the day period. Large 1's are expected when we going into a large change of direction, but the main reason I opted for the "big green 1" is that all of that wave has the same feel to it. There is a change of wave character after that and what I consider the "green 3" looks a clear wave. Hard to say when it will finish but it's unlikely to push much lower.
The "green 4" correction I feel will spike quite high. The reason is the rising demand we are seeing will just chase this a little bit high, combined with weak hands waking up to obvious bullish patterns that will be forming in the coming days/weeks.
The "green 5" is just a guess. I expect this wave to get quite squishy and look like the spring it is. Expecting high volume all the way down at the lows as whales accumulate.
Overall, this would mean we are going to finish with C higher than A (previous $30k low in 2021), which is a very positive sign going into the final wave of the cycle.
Let's hear it for the week hands! It's our wave, bois!
The "green 4" correction I feel will spike quite high. The reason is the rising demand we are seeing will just chase this a little bit high, combined with weak hands waking up to obvious bullish patterns that will be forming in the coming days/weeks.
The "green 5" is just a guess. I expect this wave to get quite squishy and look like the spring it is. Expecting high volume all the way down at the lows as whales accumulate.
Overall, this would mean we are going to finish with C higher than A (previous $30k low in 2021), which is a very positive sign going into the final wave of the cycle.
Let's hear it for the week hands! It's our wave, bois!
The green 3 did push quite low in the end. As always, I'm beginning to doubt that it is a green 3 and maybe I've miscounted, so the floor is in. I feel the market is currently battling it out to decide what the count will end as.