user100000

wave 5 of expanding diagonal update

Long
BITFINEX:BTCUSD   Bitcoin
It looks like the market found support at wave four of one lesser degree which is often the case. the b wave correction ends where wave c is equal to 138.2% of a. Wave c of 5 (up) should start soon to complete the expanding leading diagonal. wave c is often 161.% of wave a. that level is 414. I'm expecting the target for wave 5 to be between 408 - 414 (march 23-27?)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.