Bitcoin next leg down, target $7250ish?

6 авг. 2019 г.

Looks to me like we are finishing up the Any Three X leg of a WXY.
Thinking we will see a Zig Zag rapidly dropping us to $7250
Falling Three Peaks playing out. Channel holding strong.
Estimating next Third Impulse up begins August 26th


Estimate established early July

https://www.tradingview.com/chart/BTCUSD/LxMVCA2f-Bitcoin-due-for-over-50-correction-or-forming-wave-4-triangle/
https://www.tradingview.com/chart/BTCUSD/Jetu2mXE-Bitcoin-ending-the-month-at-12k/

9 авг. 2019 г.

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Potential Triangle forming
books say triangle always occurs prior to the final wave
Bearish Hanging man formed on daily
Fib Circles show a potential reversal
Watching for position

9 авг. 2019 г.

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Upthrust before mark down?

10 авг. 2019 г.

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Current thoughts
Lots of bullish sentiment, I still remain bearish

10 авг. 2019 г.

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10 авг. 2019 г.

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Estimate, shorting next lower high

11 авг. 2019 г.

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Thinking $11500 (60ema) will be our higher low
but Camarilla pivots show potential at $11700

11 авг. 2019 г.

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Last 4 hour candle for the day
Expecting a reversal soon

12 авг. 2019 г.

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15 авг. 2019 г.

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Rough estimate
Thinking we will bounce short term around $9600

15 авг. 2019 г.

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15 авг. 2019 г.

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Re-entering my short targets
If we break above $10350 then I will watch for an entry at $10550
Low probability target at $11100

15 авг. 2019 г.

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looks like an ending diagonal with RSI divergence

16 авг. 2019 г.

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estimate

16 авг. 2019 г.

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Just noticed, we may be making a bearish bat
price estimate, date/time not set

17 авг. 2019 г.

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Estimate
Thinking we are still working on the A leg of a Zig Zag
Targeting $8950 before the ABC - B leg of ZZ
I cant see this being the E leg of A of a ZZ
daily candles dont look to fit an A leg of ZZ

17 авг. 2019 г.

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Thinking my estimate of the Zig Zag could be too compacted
Alternate estimate I am considering to prepare for

17 авг. 2019 г.

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Alternate estimate #2

17 авг. 2019 г.

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As an updated view of original estimate

17 авг. 2019 г.

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Two current estimates
Im still learning characteristics of Zig Zag (alone or in combination)

Higher Target $7600
Lower Target $7250 (last update image)

19 авг. 2019 г.

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current estimate