BTC near term update + ALERT: abc of wave 4 to end soon, w5 next
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This is an update to my Last Plot of one more Dip (click).
The bounce thus far looks like a classic ABC formation for wave 4.
Wave 4's are supposed to have abc structure, with 5-3-5 subwaves.
The waves and fibs indicate 9300 is likely the turning point into w5.
$ 9245-9310 is a Fib cluster and likely end of wave 4.
$ 9480-9500 possible but unlikely, unless bear scenario is wrong.
$ 9700-9726 is Bears Last Stand, and complete invalidation.
See my other last Idea for support, or drag DOWN on the price scale to see wave 5 targets.
.
My previous charts catching every key turn and giving early warnings (click the links below):
8.1k Retrace Target
10.5k Top call
9.7k Bounce <= mapped within $10
10k Targetted
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
14k target call <=Perfect TP
10k target call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Follow this IDEA for updates, follow ME for new Ideas.
This is an update to my Last Plot of one more Dip (click).
The bounce thus far looks like a classic ABC formation for wave 4.
Wave 4's are supposed to have abc structure, with 5-3-5 subwaves.
The waves and fibs indicate 9300 is likely the turning point into w5.
$ 9245-9310 is a Fib cluster and likely end of wave 4.
$ 9480-9500 possible but unlikely, unless bear scenario is wrong.
$ 9700-9726 is Bears Last Stand, and complete invalidation.
See my other last Idea for support, or drag DOWN on the price scale to see wave 5 targets.
.
My previous charts catching every key turn and giving early warnings (click the links below):
8.1k Retrace Target
10.5k Top call
9.7k Bounce <= mapped within $10
10k Targetted
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
14k target call <=Perfect TP
10k target call
3.1k bottom call <=EXACT 2018 bottom
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Nota
Heads upWe may have a "truncated" minor wave 5 (green)
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Nota
Wave 4 Completed.Looks like red wave 4 finished and w5 started
.
Zoom IN (13 min) to see why it fell short a bit
was anticipating the 6.618 at least.
.
Zoom IN more (3 min) for a closer look at the drop
1) five wave substructure implies a "wave 1 of 5"
2) purple fib is in control, with its 2.618 holding it down
.
SUMMARY:
- red wave 4 in original chart looks done.
- w4 fell short of target by a little bit, but close
- possible wave 1 (five part) of red 5 may be done
- wave 5 very likely under way.
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