WASSSSSSUPP
So we have seen the commencement of our juicy Wave Four.
So far we have seen a nice bounce near our fib level of 0.382, ($10,150) completing what i am thinking was our A Wave of Wave Four.
If this is the case, the first region i would like to point out as a possible bounce area for our C WAVE is the $9,500 - $10,000 region.
If these levels are to break there is a possibility we could go even lower than this, landing between a secoundary region of $9500 - $9100 prior to our bounce upwards for our final wave of the Bear Flag.
As per usual there is always the possibility that we could break these supports and travel further downwards, but shall keep a close eye on how prices act in those regions and post again if necessary.
Not sure if this is just a personal thing, but one more touch on the Bear Flag would look sexy as and honestly what i would love to see occur. Im expecting us to stay within it, but we could still break a tiny bit below as we did upwards on our violent Wave Three.
Keep in mind, 10k is a very big number to a lot of people. So that will be where i will be watching extremely carefully to see if we break or bounce. Will be a lot of buy orders , but an equal amount of sells if we go below it. So lets watch how prices play out!!
To see my thoughts on what will occur after this next wave down completes and we head upwards to 12k see this link :
https://steemit.com/bitcoin/@sourlemonball/btc-usd-the-12k-line-the-bigger-picture-18-2-18
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!