BTC/USD - Fourth Wave Discussion 17/2/18

in bitcoin •  7 years ago  (edited)

Overnight we still have not seen that drastic C Subwave within our Fourth Wave.

After adjusting the location of my B Subwave i managed to see a clear pattern:

Updated B Wave.png

The pattern i managed to find was simply a double top, or double bottom which is very common in many of the waves we have seen within this Bear Flag.

Screen Shot 2018-02-17 at 10.19.55 am.png

Currently we are seeing our top Bear Flag trend line being hit multiple times, as long as this is not to breakout my Wave Four target predictions are still in play. C wave seems to be asking a bit much with the next prediction to land between $9100 - $9200 .

PRECISE TARGETS.png

These are my targets still for the Fourth Downward Wave, if we are to stay underneath our upper bear flag trendline.

WAVES OF SUB-WAVES SUB-WAVES

Possible Sub-waves of Wave Fours C Sub-Wave :
(wave seems to be starting as i was charting)
what a headache to try and say omg

Screen Shot 2018-02-17 at 11.10.11 am.png

IF we are to break it we may see a strong impulse upwards into the Wave Five Region of $10,800 - $11,000.

IF A BREAKOUT IS TO OCCUR.png

Keep an eye on the flag lines and lets see how today plays out!

Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!

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