Wait for a pullback to ride that notorious 3rd wave. Have a blessed weekend and stay home!
Regular Flat as wave 4.
C Wave is forming a wedge or commonly called diagonal scenario. We are waiting for sell signal.
I am waiting for a clear wave 1 inside the C wave to sell.
It can either go to the 50 fib and drop or drop right now.
the chart speaks for itself
Two scenarios possible. Remember that if you are a wave trader. You must always have 2 scenarios of wave count. The two scenarios are : 1. Wave 4 is a basic ABC zigzag and is complete. We already made a small wave 1 and 2 starting 3 now. 2. Wave 4 of this zigzag is a big triangle. Which would make a revisitation of 7k usd. MY VIEW OF BTC IS STILL VERY MUCH BEARISH
We may see a bit more push to the upside. Look at my 4h char when I upload it.
Weekly timeframe : Grand Supercycle degree first and 2nd wave were missing on the first chart sorry. This is the real deal. October 2020 we will see a BTC under 1k.
In wave analysis, a corrective wave retraces to its wave of a smaller degree. And so, this bigger 2nd wave of BTC must retrace to the 2nd wave of one smaller degree. I will post my other timeframes soon.
I will take short ONLY IF the highlighted bottom is broken... Wave E sometimes never reach the triangle's boundary, therefor we may be over with corrections. Before the Fed tomorrow we will know the outcome.
A really complexe correction pattern is taking place for a long time now...
I posted last week about a short gold, if you still are selling, please fix profits as we know gold likes to chop a lot. Looking at the 1450ish rejection i believe we may see some other leg up. This would be ideal for triangle scenario. Do not trade E wave because it may not reach the grey area. I will post when I re-sell the chart.
I believe we are still in wave 4 of Cycle Degree. Price should spike a lower low and then we would see a bullish gold. Sell positions are to be taken ONLY if the new wave 1's bottom is broken. Alternate scenario is that the correction is over and that we are currently on impulses to reach 1500.
Please message me for more info on wave analysis.