Like2Move

The 5th wave began

Long
Like2Move Updated   
BITFINEX:BTCUSD   Bitcoin
The 5th wave's first move (i) nears to the end and some retrace down (wave (ii)) to support 5450 expected. Or may be only to 5500.
A rebound as wave (iii) targeting above 6000.
Comment:
Wow, very strong uptrend! Retraced to fib 0.236 level only. Targeting to 6200, 6400, 6600.
Comment:
Opportunity to re-enter rally:
Comment:
The critical moment: if the price falls below 5890, we will probably see more down to 5700. But I hope that the price litlle by little will go up.
Comment:
Likely, price went close to the ground.
Comment:
...and what if the 5th wave is over?
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.