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.
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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)
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if anyone is paying attention to btcusdshorts, its up 55% over the last 24 hoursЗаметка
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i uploaded a video on my youtube channel explaining this entire structure - check it out if you're interested ~Заметка
49,362.80that is our magick algo target.
best of luck!
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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:
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while btc dances around, here's a long setup for FantomЗаметка
triple 3 into the 4picking up some more ftm,iost,ocean,xrp,ada on this dip
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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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