This Bitcoin scenario happened perfectly.

In Trading I keep a Daily Book where I write the operations that I carry out daily and I emphasize the failures although they will always occur if they can be significantly reduced, placing as much information as possible so that it allows me to study them and thus prevent them from happening again in most cases.

Your comment made me think about that possibility. The markets are governed by the Impulsive/Corrective Wave Retracement Phenomenon (ICWR Phenomenon) and we can use to analyze it the Wave 4 as a support zone and the halvings as “guides” but, we must be clear is that these are NOT Rules.

The Halving Guide: Until now the minimum of the Halving month or the following one has acted as support for the next 4 years, so we are in the month in which the minimum must be created.

On the other hand, we have Wave 4 as a Support Zone that corresponds to the maximum and minimum of wave 4 of the previous degree. At this moment we are going through the last stage of the Supercycle Grade, Wave (III), the previous grade was Wave IV whose maximum and minimum was: $19,666 and $3122, as a second reference the Wave ((4)) of the Primary Grade with maximums and minimums of $69,000 and 17,170.

The maximum of these two degrees can be used to calculate the objectives, assuming a correction of 80%.

Using the Rule of 3 to find a possible target.

Benefit TP1: If 19,666 is 0.20, what is 1? (19,666 x 1)/0.20 = $98,330 TP2: (TP1 + TP2) / 2 = 221,665 TP3: If 69,000 is 0.20, what is 1? = $345,000

Risk SL1 = 69,000 SL2 = TP2 x (1-0.8) = 44.333 SL3 = 19,666

Should I publish the #Bitcoin scenarios under the tag Bitcoin or Art? What do you think?

Thank!

I'm not familiarized with Nostr. I just learned from you what the acronym means. Very interesting. Thank you very much for sharing the article.

Hi. I'm not CMT cert, but I am an expert in The Principles of the Elliott Wave and I managed to take profit by detecting the beginning of Wave 3 at the end of 2016 expecting it to rise to $3,000, but to my surprise it skyrocketed and I was able to overcome the tendency to sell and wait for the crest of the wave. I have been fortunate to be able to trade BTC and own the keys. It has been a path full of obstacles that have left me with great learning that I wanted to share. https://es.tradingview.com/chart/BTCUSD/C2lT8zMH/

Thank you for sharing this prayer.

Thanks bro, your ideas have been very helpful.