$BTC testing .5, next stop .618 fib

4 thg 8, 2018

Made a re-adjustment to my EW to work with the Heikin Ashi 1D candles.. assuming green candles the impulse waves and red candles the corrective waves makes sense. In this scenario wave 4 is testing the .5 fib level and there's a good chance it will test the .618 given the red volume and oscillators heading south. We either bounce for wave 5 between (.5 or .618) and head to 8600k - 1000k targets which will certainly give the bulls a boost, OR we break through the .618 and FUD kicks in snowballing the the bears into gear. Its almost that dramatic. There's so much bullish news right now, where are all the buyers? Charts have replaced late night thrillers .. I have to find something else in life apart from Crypto ( I do have some nice camera gear). Be careful out there guys, manage your risk well. Peace.