The following chart of Bitcoin BTC shows three highlighted waves
Here we have Box 1
Notice the wave doesn't begin on the assumed trend line, however, assuming this is also about the "true bottom" we see ~62% fib retracement (very common)
Here we have Box 2
Here we start the wave at the touching of the trend line and as you can see we also see ~62% fib retracement upon meeting with the trend line again.
And here we have Box 3
My prediction box.
This is where I see the BTC going assuming we another ~62% fib retracement...Let's see how it plays out!
Here we have Box 1
Notice the wave doesn't begin on the assumed trend line, however, assuming this is also about the "true bottom" we see ~62% fib retracement (very common)
Here we have Box 2
Here we start the wave at the touching of the trend line and as you can see we also see ~62% fib retracement upon meeting with the trend line again.
And here we have Box 3
My prediction box.
This is where I see the BTC going assuming we another ~62% fib retracement...Let's see how it plays out!