I have lost the description, and... one who studied the theory doesn't require the explanation!
So I'll be very short.
The accumulated above 6.5k in the last few weeks massive group of initial waves(1-2-1-2-3, 1-2-3-1-2- or smth like that) seems to be planning a MASSIVE invasion over the 9k+ region.
I mapped out (with all the cautiousness one ever may apply) this initial group of vectors. The only reasonable and working approach was mapping them as if at least a 3-4-5/I-II-III-IV-V combination(+ 1 parent at least) is expected.
We are inevitably approaching the moment of synchronization of all wave momentums on all timeframes. This situation will create the so called "Perfect Strom".
You may think, that 14k-16k is a fairy tale? Think again!
A closer look:
------------------ BTC is willing to withstand any bearish attacks.
I have remapped some of the "hard nuts", and now we can observe THE CLEAR PICTURE.
-------------------- One more:
30m:
A closer look at the included impulses:
From above:
Now, the bears aren't even fighting anymore. They are only playing defense nowadays.
The accumulated group of vectors can not be interpreted within any sensible bearish scenario. Before our eyes - the clearest picture we can get. BTC is going to surge. And this surging will kill many warm fur animals!
I won't go into details much. There's literature available all around ;)
There's will be no prices below 7k anymore. Understand>? Ever! Maybe only prior to the bitcoin death. So safe to sell a house and buy btc with the cash. But I ill not, like, EVER, advise you to do so)
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! IMPORTANT (MAGICAL NUMBERS): Consider three dead-important levels: 8467 - if we break it - RALLY is ON! Never sell again =) 7676 - if we below this one - a full chart remapping is needed. But the Rally is still possible, just a week-long flat occurs first. 6767 - below this one - RALLY is REKT for good. Short this Ponzi. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Trade safe, bb. Peace, to all, fellow traders! The General finally have some time to take a little nap...
Not
The following chart is an "Idea", you can scroll it, It is m30:
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