Hypothetical "A-B Base" signalling the start of new Bull Market?
(Hypothetical Idea):
A rare structure known as an "A-B Base" (A-B Transition / A-B Reversal) which can appear after a major market decline ended on a satisfactory wave count, signals the commencement of the new Bull Market.
Bitcoin
(My main TA chart):
My current Technical Analysis trend and wave count.
The market is very confusing with lots of manipulation at this time, so let's take things one step/wave at a time. :)
A rare structure known as an "A-B Base" (A-B Transition / A-B Reversal) which can appear after a major market decline ended on a satisfactory wave count, signals the commencement of the new Bull Market.
Bitcoin
(My main TA chart):
My current Technical Analysis trend and wave count.
The market is very confusing with lots of manipulation at this time, so let's take things one step/wave at a time. :)
Komentarz:
Looks like #Bitcoin followed the path of my Bearish scenario posted 3-5 days ago.
I'm seeking a short reversal to around the ~$8450 range, followed by one last wave down to ~$7300.
$BTC
I'm seeking a short reversal to around the ~$8450 range, followed by one last wave down to ~$7300.
$BTC
It seems we are at an intersection where things could turn either Bearish or Bullish depending on the next few hours.
We need to keep above the $8700 support line, otherwise we could head down to $7500.
Current Bullish target is $10,300.