We have finally seen BTC reach the projected area for Wave Three!!
This monster wave may now have come to an end with a dump occurring just over my target of $11,200.
(we got as high as $11,400 lol)
If this is now the beginning of Wave Four, we should see a downtrend towards a new target of $9,800-$10,000.
Although my target is around the 10k region, there is also a small possibility this could leak over into the $9300-$9500 Support Zones. These numbers are perfect and may create some nice laddering opportunities before we rise.
If waves are too plummet hard , just as we saw with this huge C wave of our Fourth Wave , we may see the extended range reached.
Above this, i am still expecting a Fifth Wave landing zone eventually at $12,000.
This perfectly forming our Inverted H&S, which i would love to go into more detail about but will have to see how much work i can get done tonight.
12k is a very critical point. As we have the possibility to go from this and plummet downwards, or initiate the Inverted H&S and drive forward up with Juicy Juicy Gainz!
Will put an update later tonight if i have time discussing this alternate pathways of the bigger picture which we may experience over the next few weeks & months.
EXTRA TIP
Watch as we may even see a count like this, where we land back on the bottom of the Bear Flag supports.
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!!