I kept this simple. Real simple. We're at a crucial point, basically.
So, does "the future" happen this week? I've been looking forward to this.
Btw, I'm trying to live my wildest dreams, which might be dependent on that 'Like' button getting hit a whole lot. Also, I am not Satoshi.
Thank you.
BY USING ELLIOT WAVES AND MEASURED THE WAVE C BY FIB RETRACEMENT. ALSO, MACD, RSI AND THE CHART PRICE ARE INDICATING THAT THE BULLS ARE WEAKING IN THAT BIG WALL. THERFORE, BESED ON THE TECHNICAL ANALYSIS, THE PRICE WILL SOON REACH TO THE TREGET.
Lol this should be a local top right around here. then we should continue down.
This chart has high chances of looking disastrously bad as well but whatever
PS, also we made an ending diagonal on 5 min chart. comment below if you wanna see that count.
Hi guys,
magimuffin here. Never done one of these, but I have been taking TA seriously for almost a year now. Would love to hear your thoughts.
I see this movement as part of a larger elliot wave ABC correction upwards, that has the potential to come back down:
The following potentially support my hypothesis, and are what I am considering:
Volume is...
we have completed wave 4 to a .786 fib level since wave 3 did a 1/1 extension our next target will be a 1/1 @ $2.55 or 26414 satoshi.
chance to gain 13.54%
chance to loose 2.46%
R:R 5.51
Really not into talking much. So im gonna keep it brief.
first draw you a trendline like such b
then after that
draw u some ew u dig
ILL EXplain the rest later..just leaving my mark here to say it old ya so lol
Now we have cat shaped with flags haha... Another flag on sight, hope that third elliot wave is coming (on the bigger scale we are already on the third one, so this one could be BIG!
BTC forming two possible corrections
PRIMARY PATHWAY:
ABCDE -
BTC Hits D wave successfully around 13400-13800 zone then retraces down to E wave target around 8.1k zone. RSI / MACD both confirming upwards movement.
ALTERNATE PATHWAY:
ABC(D2)(E2) -
BTC is done with the D wave and is heading down to E wave as we speak. Not very likely given how bullish BTC is...
