BITCOINNNN

Got some CRAAAZY rejection from the 2.618 fib level. Im not sure but it looks like wave 3 might be coming to a close. Again I am super conservative and will pull out of all trades just in case becasue if bitcoin turns the market will turn and all coins will move into a bear market. If the cycle I have identified is a true elliot wave cycle we will most likely be turning down to the 0.32 to 0.236 fib levels since our wave 2 was relatively short. Hope im wrong again I like to make money. Oh well better safe than fked. I will be looking at the corrective structure formed and I think ill be waiting for an impulse before buying in again. I have learned from my tenx trade not to predict the direction for the impulse after the corrective wave it is very risky unless you have a lot of experience and skills. If the correction does come Imma be waiting till we smack that green box before I even look at cryptocurrencies again

Bitcoin symmetric time frame for correction completion, if we are in a bubble and it pops

here is a comparison with the current ethereum bubble. The correction usually takes longer than the bubble formation and we can see the same timeframe for a multitude of other cryptocurrencies.

potential bitcoin pathing using fib retracement values if we do correct.

We are now showing a downtrend corrective structure 1-2-3-4-5 is very apparent identifying a potential wave 1. And an apparent wave 2. The next drop if it comes should be huuuge . We might end up bellow 3000, which is what my fib retracement is telling me. if we correct that far imma wait for an impulse cus this could be a big bear market like the previous bubble back in 2013-2012