Bitcoin: Let's try to get that 4 into the extended 5 shall we?

12. Mai 2020

• A of ABC correction into big 4 is in
  
• B of ABC correction is expected at 9650
  
• C of ABC correction is expected at 7800
  
• Bigger 5 might very well extend to the 1.618 and double top with our previous major high around 13.9k!
  

14. Mai 2020

Anmerkung

I feel obliged to share my alternate counts with you that are more bullish in the short term, just so you are aware. I have been making an unfortunate amount of losses shorting the market lately, I don't want you to make those same mistakes, be aware that there are enough support levels that bears need to break, and they have never actually shown themselves for months... So 0 guarantee that we will end this mid term correction in a beautiful ABC. Good to know about the alternative counts.

14. Mai 2020

Trade ist aktiv

15. Mai 2020

Anmerkung

The B might seem to be working, but I feel like it isn't so let's explore the more bullish alternative. For now let's see if we can continue this short term bullish price action, before I create my bullish alternative idea, which is still very much similar in the bigger picture :)

15. Mai 2020

Trade ist aktiv

Don't be mislead, on most exchanges the 4 did NOT go into 1 terrirory!

15. Mai 2020

Trade ist aktiv

This is VERY good news. My ABC seems to be still in play! The short term support broke the impulse invalidated. Sub 8k just became much more likely again. I might have been correct after all, I just never expected the bulls to go this high (beyond 0.9 FIB) to give it all away afterwards. But seems like bull whale gave up defending a key level just now, so let's see what bears make of this.