The Story of BTC Locks and the 3 Bears....

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Hey Everyone,

So yesterday was a little bit exciting as BTC had a bounce... the mood around the place became a little bit more positive as it was like seeing the first leaves after a long cold winter...

But the 3 bears are still in the woods... let me tell you a little story...

Once upon a time, there was a little girl named BTClocks. She went for a walk in the forest. Pretty soon, she came upon a Chart.
On the chart, there were three potential BEAR EW paths... BTClocks was curious to which way she should go... So she bounced a little higher.... She hit the first resistance... $6575... and then dropped back a little.

"This resistance is too hard right now!" she exclaimed.
So, she started to build a bull flag to gain more power...

BTC tested the primary count and decided if she could not break $6575 she would then gain more power by heading deeper into the woods to $5200, but then she had a thought, she saw a clearing within the forest... and another potential pathway opened up... what if the EW count was slightly different... and the 4th wave could reach the edge of the triangle... so she set her mind to trying to break the pivot at $6575... and decided if she could do that then her destination would be $8100.

The other thought she had was a third less likely option... what if she ran out of porridge and couldn't climb all the way to $8100, where would she turn to come back deep into the forest? That point is $7375...

So right now BTCLocks has 3 potential BEAR pathways.

1- $6575 - $5200 Primary
2 - $8100 - $5600 Secondary (only if $6575 pivot breaks)
3- $7375 - $5400 possible but less likely

So which EW count will be just right for BTCLOCKS :)

So for now... Safe and happy trading!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

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As we broke the pivot (while I was sleeping) $5200 scenario was waved goodbye to...

2 BEARS left...

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Looks like we are having a minor retrace right now before heading higher to target :)

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BTC still looks to have one more quick dip to the green arrow, I do not think it will drop lower than that. The pattern is still looking incredibly bullish to reach the upper target and beyond. If the FOMO starts kicking in we should see an extended 5th wave. And as there is more and more chatter about ETF and what that means to the crypto community BTC should only get stronger. Dominance has dropped by 0.3% but that is to be expected in this corrective phase.