I see two initial impulses up here. Second one is followed by irregular. All together gives great potential force of up movement.
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Pink 5 wave to go before possible reverse.
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Blue wave 1 up is undergoing
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It is only zig-zag up. So, for right now do not expect move up. It still can grow, but only within a correction. With further dive deeper.
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With some assumptions it can be treated as impulse. Becaise the growth does not look like correctional one. So, I anticipate furhrer move as depicted on title Daily chart
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This is what irregular gives for those, who spot it as it formes. Two initial impulses + irregural correction give extreme bullish case.
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Thst is it for now.
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Uncertain further on. From yesterday's high it is impulse down. If there is two more impulsess down, it will be big correction. Like 19-20k if talking about BTC. If we see only one more impulse down, it will be probably extension and new high in next 2-5 days.
Situation for now:
Situation for now:
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Daily chart on BTC with sketch of possible correction to 19-20k price:
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Flat correction on 3m
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As of now, I anticipate 1630-1660 price and then skyrocket.
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Still waiting for price deeper. Because otherwise it would be many w-x-y
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Seems like the correction is over. Waiting for initial impulse up
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Initial impulse arrived.
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These olive 1-2 and blue 1-2 one followed by another look stunningly. Will not try to predict the targets unless olive 3 ends. But the only thing to do left: hodl.
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The idea is kinda broken now. Because this 3 wave is the shortest. For now the situation is unclear.