These are bot necessarily good comparisons. Especially the first 2 falls were in a time when BTC was in undiscovered and obscure territory, while in 2018 it has full media attention and therefor a much bigger financial and psychological impact.
top confluence zone swing over to 8.6 resistance-level difficult to close on 4-hour timeframe
ii) correction to 7.8 - 8.2 highest probability with lower channel of confluence zone support for re-entry day-trade
iii) wave 3 to 9.0 - 9.2 possibility higher now
I’m assuming a retracement to that level. Before I did the extension I drew a fib retracement
Awesome, I understand, it's a 62.8% retracement from the wave. Nice. Appreciate Sensei.
theoretically yes. But with news manipulating price, i'd use my analysis and others as well to form your own picture.
It was sarcastic :-). Just wait until BTC is above $ 12.200. After that.... BOOM.
Eric, to translate this, if the 4 hour candle does not close above 8600 we'll retrace to 7800-8200 and then back up to 9000 to 9200 do I understand this right?