BTC\USD wave 1 possible retracement target

Bitcoin / U.S. dollarBitstamp

Description

⋅ Apr 21, 2020 2:26 PM

If the count results correct and the wave C will be 1.618 of wave A, I think that BTC could bottom in the green box before starting a new impulse to the upside.

Planning to long from there.

Comments

transparent-fx

⋅ Apr 22, 2020 3:08 AM

I broke it down as well, here is my markup

ama8999

⋅ Apr 22, 2020 4:44 AM

@transparent-fx, I have an alternative count that sees the current wave as W4 which will be followed by W5 straight into the area you highlighted.

<img src="i.ibb.co/sV7NGct/b.png" alt="b" border="0">