LOOM/BTC 1H WAVE III

Heads up lads.
I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it.
Now it seems like we've started
- the Major Wave III
- the wave (1)
- minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3.

Targets for the minor wave 3:
1. Blue - 1:1
2. Green - 1:1.618

Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.

Comment:

Grand scheme of things and bigget targets for the wave III

Comment:

LOOM/BTC 1H
21MA breakout confirmed (2 candles closed above).
Looks like we've found a decent support, the next target to break is 55MA (pink).

Trade closed: stop reached:

Apparently, correction was not over. We've reached the Golden Pocket area.
We might see more downtrending to come. Perhaps even down to 0.786 fib of tha major wave II.

Comment:

Guys hold on tight.
As it seems to me it looks I was wrong. And it turns out to be more bullish than I thought.
We are in the wave 3 (no 5 as I thought).
That mean we should ride it till the channel resistance.