starting to look more and more like something bigger is going on.
we're either forming this bigger triangle for a larger distribution phase,
or this current move up is wave (2) of a 5 wave impulse going down
i'd prefer the triangle, but i'll take the 5 wave impulse any day.
if it is a 5 wave impulse, wave (3) goes to 34k.
------------------
triangle downside target for wave B = 39.3k (0.50% fib retracement)
we're either forming this bigger triangle for a larger distribution phase,
or this current move up is wave (2) of a 5 wave impulse going down
i'd prefer the triangle, but i'll take the 5 wave impulse any day.
if it is a 5 wave impulse, wave (3) goes to 34k.
------------------
triangle downside target for wave B = 39.3k (0.50% fib retracement)
Catatan
if anyone is paying attention to btcusdshorts, its up 55% over the last 24 hoursCatatan
Catatan
i uploaded a video on my youtube channel explaining this entire structure - check it out if you're interested ~Catatan
49,362.80that is our magick algo target.
best of luck!
Catatan
back in May, btc retraced to the 0.707 algo target before it capitulated.Our upside target for this move, just so happens to be at the 0.707 algo target.
coincidence?
i think not.
may:
today:
Catatan
while btc dances around, here's a long setup for FantomCatatan
triple 3 into the 4picking up some more ftm,iost,ocean,xrp,ada on this dip
Trading ditutup secara manual
i'm starting to feel a little bullish to be honest with you all.the doom and gloom roaming around recently is kind of a buying opportunity from my perspective.
have a feeling there's something else going on, something bullish.
will talk more about it in the next post
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