Two days ago I was publishing this post BITCOIN: Critical moment. In that post I prevented about an important movement of BITCOIN either, completing an extended 5th wave or correcting to a lower level...
Funny because at the very same moment I was clicking on the posting key, BITCOIN started to drop downwards (LoL)...
As a consequence, I had to re-order my primary count, which is essentially the same but, let's say in a more updated way:
I present three options:
- 1st Option and more likely IMO (Bull Wick formation):
- Assuming that, BITCOIN still didn't reach the bottom of the correction which may be around 61.8 FIBO level (7007 USD)
- (c) Would finish around 7007 just below the Mid-Term Support, completing the (4)th Wave of the Blue count.
- Target of the 5th wave (in blue) around 9000 USD
- 2nd Option (but not expected) (the "explosive" rebound):
- Assuming that, BITCOIN has reached already the (c) level of a classical a-b-c correction by meeting good support at our "Beloved" Mid-term Line.
- Same target as the previous option but faster...
- 3rd and more boring option: let's slide sideways along the Mid-Term line
Willing to find a better moment for the market to jump up...
As you can see, I am still Bullish with BITCOIN and I am not showing worst options till disregarding these 3 options...
...as usual, enjoy Cryptoland!!!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted at TIMM
