TradingView
WES-T
Nov 12, 2019 6:41 PM

Bitcoin reaches Ideal Fib support zone for wave two. Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin reaches Ideal Fib support zone for wave two. The most common fib support level for a wave 2 is the .618 fib retracement level.
If the next rally phase is wave 3 of (3) then it should be 1.618 x times (common for third waves) 15 Dec low to 26 June peak. Alternate counts say there at least should be a rally equal to the one from the Dec to June testing the all time highs around 20,000.
More