BishUK

BTC/USDT - About to complete the 3rd

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
btc should complete the 3rd here soon.
Comment: that drop was more violent than expected, and does make it uncomfortable to maintain the original count but its still valid at this moment. if we get to the .618 i'll consider the count invalid and will be expecting a more of a sell off. will update soon
Comment: ^^THE LAST UPDATE IS INVALID^^
sorry i had my fib set up wrong in that last update, here is the corrected version:

Comments

The drop was a little sharper than expected
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BishUK little1alien
@little1alien, it certainly was. i've added an update to this idea with what i'm thinking. its a tough situation tho. think ill be closing half my short here and leaving half to ride with a stop above the high.
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I got the same countings, good stuff, can still just be an abc on bigger scale because we are in a big pennant so yeah
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BishUK Tondy
@Tondy, yeah i know exactly what you mean about it being an ABC of the big triangle. i like that count quite a bit too so it'll be something i keep an eye on for sure. the only reason i'm slightly leaning towards the count i have is that the subdivision for the abc is less clear to me than the count i have.
thanks for the input though Tondy.
+1 Reply
Tondy BishUK
@BishUK, its all gonna depend on the 0.618 fib bounce of wave 4 around 8500 in my opinion. :)
+1 Reply
BishUK Tondy
@Tondy, not sure how your drawing your fib to get the 0.618 at 8500 but but totally agree with that being the critical place for the 4th.
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BishUK BishUK
@BishUK, i see what your saying with the 0.618 and yeah totally agree. i don't want to see us even touch it really but as long as we don't break it we are good.
had a look at your ideas, good stuff.
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Sir, if wave 5 gets touched, how would the correction look like? Assuming 12 is reached? abc correction to which level? Thank you.
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BishUK ESC_powered
@ESC_powered, at this point i cant tell you what the correction will look like. a zigzag is one possibility but there are quite a few. really i'll need to see that the top is in before i can be more precise but this is what I'm looking at at this moment:
+1 Reply
BishUK BishUK
@BishUK, i'm not sure what your referring to when you say 12 is reached. if you mean 12k then I'm not expecting that anytime soon. at my limit i would say its possible we will spike the high at 10500 ish before we correct.
also keep in mind that none of this is 100% so manage your risk accordingly.
hope that's helpful and ill update when i think we have topped.
oh and likes on my ideas are much appreciated, cheers.
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