Get started
Like2Move

I'm afraid the fall isn't over yet

Short
Bitcoin (BITFINEX:BTCUSD)  
Like2Move Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Wave Analysis
39
22
trendanalysis waveanalysis
Wave 3rd drops too deep and that's why it's not the pattern ABC but 1-2-3. Likely, wave 4 is now formed (top below 3900) and wave 5 must be expected as wave 1.
Targeting to 2700 area.
Comment:
Resistance 3800 broken. Likely, my forecast of 5th wave wasn't successful. But resistances in 3900...4200 area still ahead and and we'll probably get a retrace (not a 5th wave).
snapshot
Comment:
You can see the humble ABC, down to 3460. If price hits above 3740, it will show a strong uptrend. Above 3740 target 4000:
snapshot

Related Ideas

Like2Move
Strong uptrend targeting 4400
Like2Move
Maybe the fall is not over yet
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.