Bullish case from here is that this whole move is an ascending broadening wedge which we have seen on micro levels through this whole move.
F & the textbook AB=CD is an imediate short term target
if Bitcoin is bullish we would expect to find support around the 0.382% fibo level. which is also the diagnonal support.
A target for ths move higher will be towards ATH.
Bearish case would be "F" failing to hold and an accellerated selloff, or a test of "f" reattempt at $10k previous support which would be rejected.
I Would expect to potentially see a correction to 61.8% where we have the final CME Gap to be filled.
Plan immediate
1. Remain hedge into F region and go to flat
2. if we fing support at $10k and break above and close above C the i will close hedges and start looking to be leveranging long again.
3. F/D fails to hold the i re-hedge - need to see strength of the dump beforre shorting
God above all
F & the textbook AB=CD is an imediate short term target
if Bitcoin is bullish we would expect to find support around the 0.382% fibo level. which is also the diagnonal support.
A target for ths move higher will be towards ATH.
Bearish case would be "F" failing to hold and an accellerated selloff, or a test of "f" reattempt at $10k previous support which would be rejected.
I Would expect to potentially see a correction to 61.8% where we have the final CME Gap to be filled.
Plan immediate
1. Remain hedge into F region and go to flat
2. if we fing support at $10k and break above and close above C the i will close hedges and start looking to be leveranging long again.
3. F/D fails to hold the i re-hedge - need to see strength of the dump beforre shorting
God above all
Trade active
Note
Trade active
Note
WOOOOOOOOW! PUMPT IT!
Note
Target - B. - E. = 22800
Note
Bull Market - Symmetrical Triangle Elliott Wave Pattern
Target ~ 15k
Note
Trade active
A 4 Hour view of the same chart. The current price action looks like it wants to head to the lower Fibonacci line.Nice bounce off the Fibo. Maybe we will get a decent pullback at this time....
Note
Trade active
God is with me always
All going as planned.
The target? THE MOON!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.