BTCUSD sideways before another leg up?

17 thg 11, 2021

I am under the perspective we are in EW correction count 4. I have found a nice fractal which could support the idea.

I will also post a HTF picture under this post, the 1-1 FIB extension gives a very nice target of 88.000$

17 thg 11, 2021

Ghi chú

The 1-1 FIB extension gives a perfect confluence with the 1.618 FIB expansion

20 thg 11, 2021

Ghi chú

I have updated my corrective wave 4 and believe the bottom is almost in. I am foreseeing 1 final wave down towards 55100 - 54800 area to complete de ABC correction.

When we take a closer look at the 15 min TF I can see a Cypher harmonic forming:

This would make a perfect confluence with my expanded ABC flat idea and also is in confluence with the 0.5 FIB retracement of wave 3.