$BTC short term correction is near before a push through $20k
BTC is on on hourly TD 8 en 12 count, Is most probably getting a 9-13 hourly candle next. 4h candle is a 9 candle too.
My other TA is showing BTC overshot my target area by just a bit, another sign we need a short term reverasal. might go back to the blue support line, sounds logical but we will have to see.
you might say your leg count is on a 5 isnt this the end of this total wave structure up. Yes true but if you followed me a longer time you probably know i have many wave counts going to 7 legs on btc before a larger reversal is due.
Next target area after correction is in the charts, after that who know. TA says a larger reversal, but im not that sure yet, so many new people registeing daily accross exchanges, maybe the correction isnt gonna bee as big as i originally thought it would be. still $10k would be a reasonble correction imo, but we will see about that later.
Ah while writing this post i notice BTC startd going down and the 8 hourly doesnt have a 12 count anymore, we are still on for a hourly 9 in the next candle though.
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My other TA is showing BTC overshot my target area by just a bit, another sign we need a short term reverasal. might go back to the blue support line, sounds logical but we will have to see.
you might say your leg count is on a 5 isnt this the end of this total wave structure up. Yes true but if you followed me a longer time you probably know i have many wave counts going to 7 legs on btc before a larger reversal is due.
Next target area after correction is in the charts, after that who know. TA says a larger reversal, but im not that sure yet, so many new people registeing daily accross exchanges, maybe the correction isnt gonna bee as big as i originally thought it would be. still $10k would be a reasonble correction imo, but we will see about that later.
Ah while writing this post i notice BTC startd going down and the 8 hourly doesnt have a 12 count anymore, we are still on for a hourly 9 in the next candle though.
If you like my posts and want to support me please use my ref links below and give me a thumbs up:
Deribit:
A reletively new European (Netherlands) based exchange. Atm only $BTC futures and options. Soon $ETH as well. Still in Q4 $BTC and alt spot trading starting with erc20 tokens and more alts to follow. Super low fees, maker fees are even -% so you get payed! Super fast trading engine, no fucking lags!
www.deribit.com/reg-568.7620?q=home
Bitmex:
Gives 10% discount on fees for first 6 months!
www.bitmex.com/register/wnaLRE
Bitfinex:
gives 10% discount on fees for first month!
www.bitfinex.com/?refcode=Y7...
Cryptopia:
www.cryptopia.co.nz/Register?referrer=I...
코멘트:
We might not get an hourly 9 i see now, thats ok though, 4h is more important and this time indicator is an estimate, sometimes it just doesnt complete a full 9 count and you see reversal happening already.
코멘트:
btc just beautiful. we did a 4 candle correction after the 4h 9 and bounced strongly form my target area. sorry i didnt post the target before here. now the road to 22k seems open.
