Bitcoin: Let's try to get that 4 into the extended 5 shall we?
- A of ABC correction into big 4 is in
- B of ABC correction is expected at 9650
- C of ABC correction is expected at 7800
- Bigger 5 might very well extend to the 1.618 and double top with our previous major high around 13.9k!
Comment:
I feel obliged to share my alternate counts with you that are more bullish in the short term, just so you are aware. I have been making an unfortunate amount of losses shorting the market lately, I don't want you to make those same mistakes, be aware that there are enough support levels that bears need to break, and they have never actually shown themselves for months... So 0 guarantee that we will end this mid term correction in a beautiful ABC. Good to know about the alternative counts.
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Comment:
The B might seem to be working, but I feel like it isn't so let's explore the more bullish alternative. For now let's see if we can continue this short term bullish price action, before I create my bullish alternative idea, which is still very much similar in the bigger picture :)
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Don't be mislead, on most exchanges the 4 did NOT go into 1 terrirory!
Trade active:
This is VERY good news. My ABC seems to be still in play! The short term support broke the impulse invalidated. Sub 8k just became much more likely again. I might have been correct after all, I just never expected the bulls to go this high (beyond 0.9 FIB) to give it all away afterwards. But seems like bull whale gave up defending a key level just now, so let's see what bears make of this.
