Bitcoin : a picture is worth a thousand words... Wave C complet?
I have never been on the 6k thought train. I knew the zone existed and technically anything is possible, but there are too many things that had to happen in order for that zone to come into play:
-The boxes corresponds to significant fib levels on multiple time frames and the 4hr ( yellow) and weekly ( blue) matched almost perfectly
Not only has it failed to break down, but once it hit the fib levels in both the 4hr and 1wk. it bounced beautifully back on top of both the trend line and support line and closed with authority. So yes I can see it sneak off another EW without getting noticed before it goes anywhere big.
Am I on the 20...30k train? Nope. It has to break the previous high which is a significant feat in and of itself.. And could turn into a triple top. But no fear... The higher Bitcoin goes the fewer profits there are too be had...
-The boxes corresponds to significant fib levels on multiple time frames and the 4hr ( yellow) and weekly ( blue) matched almost perfectly
Not only has it failed to break down, but once it hit the fib levels in both the 4hr and 1wk. it bounced beautifully back on top of both the trend line and support line and closed with authority. So yes I can see it sneak off another EW without getting noticed before it goes anywhere big.
Am I on the 20...30k train? Nope. It has to break the previous high which is a significant feat in and of itself.. And could turn into a triple top. But no fear... The higher Bitcoin goes the fewer profits there are too be had...