KondrackiKarl

Bitcoin Triple Combination finale targeting $5500 feb 2020

Satış
KondrackiKarl Güncellendi   
KRAKEN:BTCUSD   Bitcoin
The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale

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Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
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Channel was moved by mistake

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Thinking we might see a triangle here before the last big move down which I think will be more drawn out compared to the rest of the correction

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Estimating a relief bounce to 7640
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Thinking we need to scrap along bottom of channel before bounce
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Target reached.
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market

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Current Estimate

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Triangle Estimate
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Feeling my triangle estimate is too compacted
Alternate estimate

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Current Estimate
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Current Estimate
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600

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Still my current estimate
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.