PK_SEND_IT

Bitcoin current legs developement

PK_SEND_IT 업데이트됨   
BITSTAMP:BTCUSD   비트코인
Impulsive wave can develope in different manners. Here is how i see it currently.

At least i can separate it in two different potential patterns.

This wave can either complete the wave C of a larger zig zag, or this is only the wave 1 of the macro wave 3 that will lead us to over 100 000 per BTC.

Send it
코멘트:
코멘트:
Possible patterns
코멘트:

Daily dose of btc. Double zig zag as a correction is out of the picture.
Current move looks impulsive
코멘트:

Leaning towards this right now .

Flat wave 4.
코멘트:

No matter what, im still thinking not done.
코멘트:
Down to 2 paths now.
코멘트:
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Realistic ending diagonal possibility.
코멘트:

conservative count soon done.

another circled 4 5 for optimistic count still possible
코멘트:
This is suggesting a road to 50 k. At this rate i would consider only scalping these ranges. Heavy longs are supposed to have a decent stop loss.
algo targets presented for potential bounce areas of supposed waves 4.
코멘트:
Idealy we keep 0.23 for a continuation pattern and bounce of the channel.
Alt and last stand for me would be 0.38 wickery that would hopefully be bought back and sent further up.
Current pa is not impulsive downwards so overall feeling is still up.
Btc would rather make a flat x than a triangle x . On the image i suggested both cases.
If we have a triangle x, thats great news because it indicates the last corrective wave incoming.
PS- Its almost never a triangle .
Stay safe
코멘트:

Local count. Potential roads and alternations.
If Zig zag down for W then multiple zig zag for X we would need only flat or triangle for Y and we would be done

If zig zag down for A and this is alternate zig zag up (labeled in yellow impulsive ) then motive for C is needed to drop down. Current price action downwards is corrective so i cant see an impulse or diag. This is why i longed now.

We are at the support of that impulsive channel as well. still didnt touch algo targets for waves 4.
코멘트:
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Potential roads i am eyeing on macro level.
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Micro time frame if we arent done with the current leg.
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Alt count
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More ideas if we break that channel
코멘트:

Something about to bottom for the moment
코멘트:
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Local bottom is in
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