What if the last top was not a Wave 5, but a Wave 3?
I think this is very likely. Why?
If the last top was a 5, we would have had to correct deeper. Normally the correction should have went down to 0.382 (~7200). Then 12345abc would be completed.
In our case, however, the correction did not even end at 0.5. She stopped at $9,000.
What's the meaning of this? It could be a Wave 4. That means we're just in wave 3 of 5 up to the final 5.
Let's see what happens. Happy trading. :-)
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Yorum
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idea still valid.
Yorum
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as expected
Yorum
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first a bit down, then up. move like this... chart update
I see hidden bullish OBV divergence on 4H. More up?
BTCINVESTING
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@cupfish, we are still in wave 3. first wave of 3. it was a full retracement. so target still the same. could be go higher. the situation would change if we would go under 9000. then we would have a new structure.
cupfish
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After Wave 5 to 15000 area, do you expect a bigger correction?
Your analysis is within my expectations. My 5th wave would be extensive. My expectation is that she will finish the ATH test. 20k is coming. Great analys
I see hidden bullish OBV divergence on 4H. More up?