Bobby_Petrino

Ace Rip Rita: Wave 3 to resistance

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Possible wave count for current trend,

Fib extension from the low 5.8 as basis
Wave 3 ending at 11.5k (the 1 of fib extension from low at 5.8) and the area of major downtrend from ATH, wave 4 back to .786 of extension around 10.3k, then wave 5 to around 13k for major resistance, or extension possible to 1.618 at 15k

Keep in mind I'm still watching for major pullback and possible new low, I don't trust this rally from 5.8k

Comments appreciated!

Play smart


https://www.youtube.com/watch?v=JATdOXA7...
Comment: wave 3 may be ending here
Order cancelled: I published a new idea, I drew 3 wrong here, and in fact my 3 may actually be a B wave but we won't know till we begin downtrend, which could be happening now
Comment:
other idea got hidden
Comment:
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.