TradingView
Burroughs
Mar 19, 2020 7:08 PM

Text book 4th wave just done Short

Bitcoin / United States DollarCoinbase

Description

Retraced to 382 fib of the preceding move. Target for upcoming 5th wave is in the 2k range(green box).

Targets for 5th wave often 618 of wave 1 and 3 combined as it is here.

Comment

So the C leg was not done, my bad. Still valid idea. As you can see in the snapshot we have reached 1.618 extension of leg A which again is classic length of the C in a ABC correction. Wave 4 often reaches between 0.382 and 0.5 fib as this is now.

Comments
ShtmnBsff
6400 - 6500 next 5500 - 5000 In march. I think so.
HamedGhadiri
Very thoughtful, Thanks for sharing.
jollygreen
I like it.
Protixder
be ready for the breakout
BurakB_
@Protixder, so complicated
More