Holla
WAVE THREE COMPLETION :
I said i would go back and touch on my thoughts onWave Fours retracement earlier this afternoon, as we have seen the conclusion of Wave Three. So here are my thoughts on what is most likely to occur:
Currently my landing zone is fairly large as i am unsure on how well supports will handle this down wave, i am expecting a final sub-wave of wave 4 to be anywhere between $9500 & $8800.
Here are the major support lines to watch, the biggest one here however is the H&S neckline. If this support is to break we could open up hell again on BTC and see a very large downtrend. The support from $9500 - $9000 was proven to also be very tough, so breaking these supports may also be a challenge.
Personally i am hoping we see a bounce within the two channeled lines, but we may breach it a tiny bit same as we did on the way up in Wave Three.
On that note, i have decided to attempt in predicting our 5 sub-waves down into our Wave 4 Landing Zone.
Remember that awareness is key in situations like this, always try not to panic and be as aware as possible of support lines which are of upmost importance. (again preferably would love to stay within the lines of channel but a small breach may be okay, SCARY but okay)
Before finalizing this post i would like to reinstate that the INVERTED HEAD AND SHOULDERS NECKLINE MUST HOLD! this breaking is literally like bitcoin snapping its own neck and it will fall dramatically. So keep an eye out for any large breaches of this line. As long as it is not breached hard we should be all sweet and juicy!
BROADER WAVE LANDING ZONE: $9500 - $8800
TIGHTER LANDING ZONE: $9100 - $8750
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!