This is my current views and estimate of the current Bitcoin movements.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
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current view of wave 2 correction of wave 3 in a cycleNota
Current thoughts Nota
Green trend line shouldnt hold.Thinking we are going to continue this small correction
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Current estimateThinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
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An estimateNota
Parabolic micro correction?Nota
Current estimateNota
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My wave count must have been wrongCorrection is too steep to fit into previous model
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Showing the Fibonacci extension and retracement pivots
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