DanLaffas

BFX 4hr - Flat Wave

BITFINEX:BTCUSD   Bitcoin
5
Bitcoin flat wave cycle.

Playing out as suggested by @DanV.
This is just my interpretation of how it may look.
I've had these drawn in since March 17 and so far it's looking good.

I'm just waiting to see if this 3 wave down plays out and follows with the 5 waves up to complete the cycle. Question is.... where is the bottom going to be. Target 1, 2 or 3????

Thanks goes to @DanV. This video is a great help - www.youtube.com/watch?v=Nnpdt2YA...

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.