BTCUSD bottom in sight: Bitcoin working on wave 5
Looks like we are nearing ''a bottom'' if the ''the bottom''.
I have been plotting this massive 5 wave move which started at 7400.
We are now in the wave 5, which should come to an end soon.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture coming together:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:
My last plot showed two possible paths forward from there:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
I have been plotting this massive 5 wave move which started at 7400.
We are now in the wave 5, which should come to an end soon.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture coming together:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:
My last plot showed two possible paths forward from there:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
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