Happy New Year everyone,
I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k.
First and foremost, well done to everyone who has hodled through the bear run. It has most definitely been a true test of an individual's investor stamina.
As promised, it's time to take a closer look at wave 3 with the view of establishing more accurate price forecasts. In my previous ideas, I had initially provided rough counts for wave 3 to be...
I've counted this with many different sequences and feel that a Double Three (WXY) combination is what has likely been printed here.
It's possible that it continues to correct further to three corrective structures and forms a Triple Three (WXYXZ).
I'm looking for a set of five impulsive and composed waves to rule this out and signal a change in...