Bitcoin may end soon an impulse that may be a 3rd wave as the price is approaching 1.618 fib extension of an precedent wave that may be wave 1.
Key level for the 4th wave retracement is 28676.06 where also we have 0.382 fib retracement of the 3rd wave, if the price will break down I doubt that this trend will continue upwards. keep in mind this!!!
I will put updates soon as will see more price action!!
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Key level for the 4th wave retracement is 28676.06 where also we have 0.382 fib retracement of the 3rd wave, if the price will break down I doubt that this trend will continue upwards. keep in mind this!!!
I will put updates soon as will see more price action!!
Hit the like button if you like my analysis and follow me for future updates!
Good luck!
Comment:
Bitcoin may be into 4th wave now.
Price must stay above 28666.4 price level to finish this 4th wave as breaking below this level price may turn to the downside.
Clearing 30488 may start to push higher to end the 5th wave .
Target for this 5th wave 32087.4 - 32917.9 zone.
Price must stay above 28666.4 price level to finish this 4th wave as breaking below this level price may turn to the downside.
Clearing 30488 may start to push higher to end the 5th wave .
Target for this 5th wave 32087.4 - 32917.9 zone.
Comment:
Bitcoin on road to finish this 5th wave.
Expecting correction soon for wave 2.
Also price broke the previous top at 31059.
Expecting correction soon for wave 2.
Also price broke the previous top at 31059.
Pivot point remains the same, 28676.06 if it break it may turn down.
Also 3rd wave may hit 1:2 ratio vs Wave 1.