Hello everyone!
As you all probably know bitcoin made a reversal with a inverse H&S and started a short rally from February 6.
This week Bitcoin reached 11.3k and as you can see in the chart , wave 3 is completed. By using fib extension (from wave 0,1,2), we could predict this target.
Another interesting point is that wave 1 and 3 are close the the fib retracement levels I draw of the rally started in September 15. wave 1 ended at 61,8% and wave 3 ended at 50%. I believe that wave 4 ended too, and we might see a rally to 13k now.
As you all probably know bitcoin made a reversal with a inverse H&S and started a short rally from February 6.
This week Bitcoin reached 11.3k and as you can see in the chart , wave 3 is completed. By using fib extension (from wave 0,1,2), we could predict this target.
Another interesting point is that wave 1 and 3 are close the the fib retracement levels I draw of the rally started in September 15. wave 1 ended at 61,8% and wave 3 ended at 50%. I believe that wave 4 ended too, and we might see a rally to 13k now.
Trade active:
At the moment BTC is breaking the resistance at 11,2k!
