I'm not saying it cannot get higher, possible 1700 range, but the fibs take me here, with a final target to 1400 levels, next and ABC correction to around 650.
I'm leaving this here for the future :D
considering different factors, as a decrease in BTC's dominance, and mainnet incoming, there are my targets! also a perfect wave 4 retracement already happened, so in case BTC dips hard we might for a temporary BC wave. But wave 5 will happen, that for sure.
I'll be buying in the range of 821/780
We are still on A (5th wave down)
Then we go for a B at around 1k
Then we dip a little bit more for C (no target yet, expecting for a trucated one respescting the uptrend.
Good luck!
Buy range from 821 to 780
For B will retest 1k
For C let's expect a truncated one, if not we go lower or double bottom
This is just wave 4
Prepare for 5!
It has tried to break out several times, I made a calculation with the yellow triangle, considering the space its got left, in 1 or 2 days we will see, only if it moves sideways.
BREAK BELOW 660 would be bad
BREAK ABOVE 760 would take us out of here to test 822, 910 and 1200
This has been a long consolidation.
Patience is the key.
38% and 50% retracement is the key here. That will validate a rally for a 3rd wave which will fight the resistance at 11.7k which we failed twice.
Our real trouble will be at 11.7k, that will be and epic fight up there, I have a target around 11.759 which is the top of our last resistance, here comes the thing, we should have a correction up there, a big...
Ladder your buys, we have supports at 8700, 8500 and a possible fib extension 38% and
50% on this WAVE 1 count for our bullish count.
Our real trouble will be at 11.7k, that will be and epic fight up there, I have a target around 11.759 which is the top of our last resistance, here comes the thing, we should have a correction up there, a big correction...
For those thinking we are going to the moon, check this comparison I made with gold charts.
This happened before. Watchout, 11.7k is the last test. We break it, we are going to the moon. We don't we are in serious danger. Sub 4k, possible 3k/2k
