IF,
Wave 2 is allowed to ABC correct into Wave 5, $10.5k BTC is the bottom.
- BTC typically retraces to the 0.618FIB.
- The 85% Draw Down is met @ $10.5k / 0.618FIB
MACRO Wave 2 (CYAN) is ALLOWED to ABC correct (RED) into MACRO Wave 5 (ORANGE) the previous '19 ATH meeting the MACRO Trend line.
- The '14/'15 Fractal is also in the same channel.
- BTC is touching the top trend line channel. Capitulation?
I rescind my "$14.5k Official BTC Bottom" Idea.
Good luck all holders on this bull run.
Wave 2 is allowed to ABC correct into Wave 5, $10.5k BTC is the bottom.
- BTC typically retraces to the 0.618FIB.
- The 85% Draw Down is met @ $10.5k / 0.618FIB
MACRO Wave 2 (CYAN) is ALLOWED to ABC correct (RED) into MACRO Wave 5 (ORANGE) the previous '19 ATH meeting the MACRO Trend line.
- The '14/'15 Fractal is also in the same channel.
- BTC is touching the top trend line channel. Capitulation?
I rescind my "$14.5k Official BTC Bottom" Idea.
Good luck all holders on this bull run.
