See my previous idea from June 26 for confirmation of this idea. The EW waves have come to fruition, although it took several days longer than I expected. This current wave of Monday morning I hope gets up closer to 6800 over the next 8-12 hours so we can see a nice retracement of the 4th wave without crossing back below the end of the 1st wave. Guessing how quickly these waves will move has been a challenge for me, as it seems the BTC is sluggish for 90% of the week and then decides to make up all the ground in a 30 minute time span! Hopefully you all got in on the trading action before Friday, or at least before this morning.
My last idea mentioned that 6000 or below would be an excellent buying opportunity, and I was right. I added 20% to my position at 5915 last Thursday evening, the 28th. I'm up 12% on that buy already with lots of headroom to go.
Let me know what you think of my EW counts.
Longer term, I would expect a retractement of this impulse wave structure back to around the 6600 level before continuing in the uptrend channel.
Have a Great Day!
My last idea mentioned that 6000 or below would be an excellent buying opportunity, and I was right. I added 20% to my position at 5915 last Thursday evening, the 28th. I'm up 12% on that buy already with lots of headroom to go.
Let me know what you think of my EW counts.
Longer term, I would expect a retractement of this impulse wave structure back to around the 6600 level before continuing in the uptrend channel.
Have a Great Day!
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Here's the new idea...could still be on track for a 5th wave up! Stay tuned!
