learnWithBurn

BTCUSDT - for the next couple of weeks

BINANCE:BTCUSDT   Bitcoin / TetherUS
Expecting to have soon a bigger drop to the 21k area -> see levels in the chart for detailed information.

Afterward, we are finally ready for the big pump to around 27k we are all waiting for.

Comment:
Right nowwe are following the idea of the wave c and to complete the higher timeframe wave B.

This would mean, that we are right now forming a 5wave impuls wave. Therefore I am interested to see how wave 1 and 2 are looking. If we bounce again upwards and create a local high, the rsi will give us an indication if it‘s only a bounce upwards and the plan is still valid or if we have to say, that the plan is no longer valid.

Comment:
Last update for today:
On 15min timeframe the setup is quite tricky, but I am expecting the following pattern for the next day or two.

Lets see how #bitcoin is performing and how accurate the predicted levels are.
Definitely tricky, because many people are expecting the 27k right now, and therefore more emotions are in the trades again.
Comment:
We have reached the target 1 and the final wave5 from the impuls wave to the downside. Not exactly, 22570 was the target -> 22660 was the low point. But I am expecting now to run to the target 2 for that wave. Lets see if that plays out.
After wave 2 it‘s getting interesting if we really complete this corrective move until 21.9kUSD is reached or if we continue to go upwards.
Most likely case for me is still a corrective wave on hourly timeframe until around 21.3k - 22kUSD. (Date for those targets: 10 - 20August)


Comment:
www.youtube.com/watch?v=ZmnZWHoz...

For all the german followers -> english youtube channel will be launched soon!

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