$BTC - Don't FOMO

The 5 waves (Green) appear to be done, also marked the sub waves in 3rd and 5th waves. A decent correction would be to the 4th wave bottom which is 50% retracement. However, if this is super bullish, we may turn around at 0.382 Fib (A)

Price going above red zone would mean that 5 waves are not yet done

Take Care. Stay Safe

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1st Target hit

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A & B hit

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A decent attempt to rally but stopped by the 4Hour 200 EMA (Pink)

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I keep mentioning in this chart that we may turn around at 0.382 Fib if we are still bullish, and based on the price movement i created an alternate chart to support that.

I'm considering both scenarios. Take care. Use SL

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The 5th wave was short lived, so we are back to our correction IMO. A turn around at $3600 approx should be decent

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1st target hit (A) at 0.382 Fib

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Hope people took care based on previous chart. Lets see if 0.618 Fib offers support

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A little more down

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Nice that 0.618 offered support

imkeshav

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imkeshav

Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw

Also on:

Related publications

$BTC - Are we closer to the end?

by imkeshav

BTC - Are we going to have a green December?

by imkeshav