Follow up to my bigger picture showing the relevance of $15,966 (click).
We reacted at that fib as expected, then orbited for a bit before escape.
Now a logical pullback level would be the previous high at a "Genesis Fib".
Elliott Wave Theory has applied quite precisely for this bull run of 2020.
The blue 12345 is very possible the bigger Green Wave 5 in progress.
Blue wave 2 was deep and slow, so blue w4 should be shallow and fast.
We MAY well have topped already, at a very "Expectable" level and fib.
It is PLAUSIBLE that wave 3 is not done yet, the substructure is messy.
It is PROBABLE that we pullback, and would make for a perfect Wave 4.
My Big Picture for Bitcoin since birth (Genesis):
.
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
We reacted at that fib as expected, then orbited for a bit before escape.
Now a logical pullback level would be the previous high at a "Genesis Fib".
Elliott Wave Theory has applied quite precisely for this bull run of 2020.
The blue 12345 is very possible the bigger Green Wave 5 in progress.
Blue wave 2 was deep and slow, so blue w4 should be shallow and fast.
We MAY well have topped already, at a very "Expectable" level and fib.
It is PLAUSIBLE that wave 3 is not done yet, the substructure is messy.
It is PROBABLE that we pullback, and would make for a perfect Wave 4.
My Big Picture for Bitcoin since birth (Genesis):
.
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag