Using multiple fibs from multiple time frames,
we should see a pull back at $18858 while heading toward the 5th wave at $19319 with a pause/correction around $19115
Blue line from wave 3 to anticipated wave 5 is the same length as wave 2 to wave 4. Therefore arriving at $19319 - final 5th wave.
Starting at the bottom of wave 4 using Fib extension, we plot levels at 89; our closest level for a correction area to our current price.
yellow Fib level .236 at $18858 is a fib retracement level from the weekly chart between level $16587 and $26211; another point of interest.
If a strong reaction at $19319, we should see a 18% correction on the weekly toward $16k
we should see a pull back at $18858 while heading toward the 5th wave at $19319 with a pause/correction around $19115
Blue line from wave 3 to anticipated wave 5 is the same length as wave 2 to wave 4. Therefore arriving at $19319 - final 5th wave.
Starting at the bottom of wave 4 using Fib extension, we plot levels at 89; our closest level for a correction area to our current price.
yellow Fib level .236 at $18858 is a fib retracement level from the weekly chart between level $16587 and $26211; another point of interest.
If a strong reaction at $19319, we should see a 18% correction on the weekly toward $16k