BTC Possibly entering the last Wave (5th Wave up) ~ 3 days time
Again I see a 3 3 5 Flat BEAR, They are everywhere in Crypto it seems due to the swings and volatility.
So if you zoom out on BTC and see that its a huge Bullish Flag, you can see the
3 3 5 FlAT BEAR in the Orange Box and then the Decline into where we are now.
Currently we are in a miniature version of that and will hit in the ~ $13k SELL Range at the top of Wave 5, and then the Big possible decline into the final Stages of our bullish Flag.
The possible bottom being in the $7k to $8k Range. If we reach those numbers in the next few weeks, I'm going to be ready with extra cash to buy up BTC and ETH on the Discount. ETH follows similar patterns.
BTC and ETH will be HODLs for the long run. Possible day trades if we see some opportunities.
PATTERN:
UP ABC / DOWN ABC / UP 12345 (Its a Cup N Handle, with a really big Handle) and then the downward slide starting from the top of wave 5.
So if you zoom out on BTC and see that its a huge Bullish Flag, you can see the
3 3 5 FlAT BEAR in the Orange Box and then the Decline into where we are now.
Currently we are in a miniature version of that and will hit in the ~ $13k SELL Range at the top of Wave 5, and then the Big possible decline into the final Stages of our bullish Flag.
The possible bottom being in the $7k to $8k Range. If we reach those numbers in the next few weeks, I'm going to be ready with extra cash to buy up BTC and ETH on the Discount. ETH follows similar patterns.
BTC and ETH will be HODLs for the long run. Possible day trades if we see some opportunities.
PATTERN:
UP ABC / DOWN ABC / UP 12345 (Its a Cup N Handle, with a really big Handle) and then the downward slide starting from the top of wave 5.
Comment:
Please Ignore the Red 12345 Elliot Wave. Its just a possibility if people sell for some odd news or FUD.
Trade active:
The pattern took the lower route of the red elliot wave down at the tip of the bilateral triangle formed. Last 2 Bearish fractals were there but was optimistic. Anyways down the path to the $7.5k to $8.5k buy zone. After this bull flag hits bottom, we will begin our journey to new heights.