FIRST OPTION:
We are still in the same count, with end of third wave at 9.2. But, Is it possible the retracement of 4th wave in the 1st wave? Not in theory, and there's a wick in the top of first wave that goes further than retracement. But, in theory we can consider in a huge leverage market to accept one wick outside this rule.
If we assume that, we can consider a big four wave retracing to the 0.618-0.7 fib level, with an ABCDE pattern and a wedge, with floor in the great support zone of 8.2-8.4 (that i expected as a support after ending all the impulse wave.
Assuming this, now, is when 5th wave begin, in an uptrend, with inside subwaves, with a first roof again at 8.9 and retracing to support at 8.6 again. If this is the case, we will recalculate the projection, always keeping in mind that 9.5-10k is going to be a hard zone to beat in a first attempt.
SECOND OPTION:
We've already seen the 5th wave in a weird mode. I tried to look for a wave count proporcional and that make sense, and it was impossible for me. But, I have to assume that this could have happen in front of my eyes. Is this is the case, we can go further down to 8.0 (0.618 fib) or 7.7 (0.7 fib) or having it already at 8.2, and we face a new uptrend with a extremely support at 8.2, and probably beating easily 10K in the same impulse wave (probably in the third wave).
It is an option to consider, but i can't build it in my mind
THIRD OPTION:
Everything is wrong and BTC continues in a bear trend, and this is an ABCDE correction from 22 Dec, searching now a new support at the support trend line built at (5.9 and 7.2 recently), looking for completing the bullish triange between:
- Resistance line from DEC2017 (20K-17K-12K)
- Support line from SEPT2017 (3K-5.9K-7.2K)
I know that are very different options, but all are bullish at middle run. I find so difficult the wave count, but next hours are gonna tell us which option is the best.
Only adivse. I continue with my sell targets.
PD: RSI seem bullish because of higher lows. MACD with no clear info.
We are still in the same count, with end of third wave at 9.2. But, Is it possible the retracement of 4th wave in the 1st wave? Not in theory, and there's a wick in the top of first wave that goes further than retracement. But, in theory we can consider in a huge leverage market to accept one wick outside this rule.
If we assume that, we can consider a big four wave retracing to the 0.618-0.7 fib level, with an ABCDE pattern and a wedge, with floor in the great support zone of 8.2-8.4 (that i expected as a support after ending all the impulse wave.
Assuming this, now, is when 5th wave begin, in an uptrend, with inside subwaves, with a first roof again at 8.9 and retracing to support at 8.6 again. If this is the case, we will recalculate the projection, always keeping in mind that 9.5-10k is going to be a hard zone to beat in a first attempt.
SECOND OPTION:
We've already seen the 5th wave in a weird mode. I tried to look for a wave count proporcional and that make sense, and it was impossible for me. But, I have to assume that this could have happen in front of my eyes. Is this is the case, we can go further down to 8.0 (0.618 fib) or 7.7 (0.7 fib) or having it already at 8.2, and we face a new uptrend with a extremely support at 8.2, and probably beating easily 10K in the same impulse wave (probably in the third wave).
It is an option to consider, but i can't build it in my mind
THIRD OPTION:
Everything is wrong and BTC continues in a bear trend, and this is an ABCDE correction from 22 Dec, searching now a new support at the support trend line built at (5.9 and 7.2 recently), looking for completing the bullish triange between:
- Resistance line from DEC2017 (20K-17K-12K)
- Support line from SEPT2017 (3K-5.9K-7.2K)
I know that are very different options, but all are bullish at middle run. I find so difficult the wave count, but next hours are gonna tell us which option is the best.
Only adivse. I continue with my sell targets.
PD: RSI seem bullish because of higher lows. MACD with no clear info.