BITCOIN: Target achieved, not an extended 5th but... by toofasteddie

hive-167922 · @toofasteddie · Jan 15 '20

$1.79

BITCOIN: Target achieved, not an extended 5th but...

Yesterday I was writting about the possibility of having an extended last 5th wave due to the idea that the huge BSV pump would also be a deep DUMP of this altcoin either to TETHER or BTC...

![](https://cdn.steemitimages.com/DQmYrnw6t8QDhk6Rx23Azdc8U3NqSi1N9Ze5QjeDziRYujT/image.png)

The fact is that, BSV is correcting, not as deep as I was expecting but also BTC and TETHER are not feeling the gains of the BSV "mini-dump" yet...

Instead, what we can see now is the rising of other altcoins as DASH, ZCASH an others which are getting good levels today.

![](https://cdn.steemitimages.com/DQmUtKiTMGcFdwiFeSgZm2vJaEWkmZUb7VxMBZcpmZpKtNd/image.png)


Due to that, I think we have reached the expected target quiet well...Damn! I planned 8900 USD that was what BTC reached for the end of a wave 3!!!

### What next?

The uncertainty is huge, still, but my bullish scenario is asking for a 4th corrective wave now in order to resume the uptrend afterwards... something like the following:

![](https://cdn.steemitimages.com/DQmNY9tF9Qc5oZtVkZp9AgDMwmaAkD8iTuwCwKTx3uuzfEh/image.png)

I am targeting 8140 USD  as the end of the BTC correction for the 4th wave based on known supports and the 61.8 FIBO Retracement level, which is also coincident.

So, I am spreading some entry points around the range between 8350 USD and 8100 USD.

### ...and after?

According to this scenario (still uncertain) I bed for 9800 USD for the 5th wave up as you can see in below's 4h chart.

![](https://cdn.steemitimages.com/DQmPJcLT8FkaJbF4MkTSqwc2BJTAtfcxi4uRKbh9FCTiFbe/image.png)

...and, in a more Long term superbullish view:

![](https://cdn.steemitimages.com/DQmQv7111WtHRLgDF1ETprCQW2qvAxgC7j93yh6GQ8P3d9J/image.png)

As I said, this is still a super-optimistic scenario, still to be confirmed...in the meantime, I sail the waves according to the planned route ;-) .

Which is your strategy? Are you buying, selling or simply observing?

Enjoy!

@toofasteddie 

---


**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.*

<hr><center>Posted via <a href="https://steemleo.com/">Steemleo</a> | A Decentralized Community for Investors </center>

👍 leo.voter, resiliencia, slobberchops, toofasteddie, slowwalker, tatjanastan, we-together, sj-jeong, photoholic, sharpshot, talkative-bk, coreabeforekorea, jaydih, wherein, fullcoverbetting, sbi4, argon, calisay, stevelivingston, coinchaos, logic, qurator, whatdidshewear, runningproject, ultratrain, maarnio, sjgod4018, kimseun, kanadaramagi123, aquawink, wondumyungga, torrey.blog, calatorulmiop, mustard-seed, mrhill, newtechblog, ringit, acesontop, harryp3, espoem, cstrimel, jaykayw, plantstoplanks, king-cobra, angelslake, wordit, mitchelljaworski, mirrors, marenontherun, beiker, run.vince.run, lotusofmymom, thecryptolink, erikaflynn, scaredycatcurate, aleister, loveecho, gregory-f, lauriki, erectus, alinabarbu, kendra19, caotico, bpcvoter, and 48 others

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