EuroMotif

BTCUSD still has wave 5 to go? Bitcoin Fibonacci + Elliot Waves

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC has been following this fib series quite nicely.
The movements resemble a 12345 impulse structure.
Perhaps we are in wave 4 looking to start wave 5.

Fib extensions fit nicely:
wave 1 = 5.236
wave 2 = 2.618
wave 3 = 9.236

wave 4 to 5 = 6.618 -> 9.618 ?
wave 4 to 5 = 7.618 -> 10.618 ?
wave 4 to 5 = 8.618 -> 11.618 ?



Comment: Nice move. Now we are coming up on moment of truth
Comment: Interesting turn of events, hit target exactly, then a bull trap, and hard fall but look where it fell to. We MIGHT actually be in wave 4 NOW, with w5 yet to come. Not confident of that but this precise drop makes one think....

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You played that one absolutely perfect
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EuroMotif ThankUKind
@ThankUKind, ty, that one did play out quite nicely. There is always some luck involved but this time the fibs were just super clear
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Well she went for the top mark plus a bit of extension, nice call on another wave!
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EuroMotif ThankUKind
@ThankUKind, ty, nice bull run, might be done yet but I am mostly out.
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ThankUKind EuroMotif
@EuroMotif, I am about 70% out, tight SL being bumped up. Now to remain disciplined and wait for a good reentry!
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Nice one @EuroMotif.
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EuroMotif milanjelic
@milanjelic, ty friend
+1 Reply
This is the exact same scenario I have been contemplating for the last couple days. Are we going to get one more wave up still, or is it time to sit on the sideline again.....As always, very nice work and lovely chart!
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EuroMotif ThankUKind
@ThankUKind, ty my friend.
Indeed, another leg up to make a higher high would be a signal for more bulls to jump in.
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