with base to my analysis on btcusd. i think the price of wave will finding its higher high.this is due to the end of correction of the 3 wave.the price are now in correction area and indecision area which is there is resistance area.
It won't exceed 248 before heading into wave 5 of the current downtrending super cycle. I say tops out at 242, then heads down
tupaitrader
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yeahh...242...maybe heads down....thanks bro...
techsavant777
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Am I good or am I good? Peaked at 241.33 haha
tupaitrader
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yeahh...u good...im just a beginner...hahaha
techsavant777
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I am too, though I have spent a lot of time working on it, so I'm getting better. I've been accurately predicting reversals, trends, and even the path it will follow since mid the end of July .. This one was easy though as wave 2 of the current supercycle ended at 248, so wave 4 (which we were on) will never exceed that, well sometimes it will, but usually not. Although, it remains to be seen if this 241.33 was the end of wave 4, it might still jump back up a little.more. I have not really analyzed the smaller waves yet. As for the 242 number, I came up with that somehow, but I can't remember. haha.
techsavant777
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My prediction back on July 29, was that it would go way down, and only when it broke the green line again, will it go way up. Still waiting 2 months later. :)
tupaitrader
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great!!!believe in your own analysis....hoho it broke the green line...that mean..the price will go up higher....great setup bro
techsavant777
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Actually scratch that. 241.33 was the end of wave 3. Should be a wave 5 going higher, but not above 248 still. I'll say 243, maybe 244.
tupaitrader
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actually still confusing wheater it is wave 3 or wave C...that's why i'd just monitoring and updating the price movement...
techsavant777
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Yeah, I try to use the little markers in the chart, but usually i have to do my own wave analysis because I don't understand which ones are 12345 and which ones are abc with the way these charts are marked up. Should be a small wave 5 coming very soon now, then that will peak wave 4 of the outer cycle, which will then go into downward impulse wave 5 . It gets really confusing sometimes haha