BTCUSDT possible wave 3 scenario . The previous chart was invalidated thus wave 5 of wave C down was completed, this will give this scenario more probability to be correct . Wave 3 extension could extend as far as the 4.618 fib level but for this idea the wave 4 and wave 5 projections were made assuming wave 3 will reach the 2.618 minimum and can be adjusted accordingly.
The price is due for a correction and the Daily Rsi is extremely overbought .I would avoid wave 4 pullback and trade wave 5 .
Please do your own analysis before trading .
Good LUck
The price is due for a correction and the Daily Rsi is extremely overbought .I would avoid wave 4 pullback and trade wave 5 .
Please do your own analysis before trading .
Good LUck
Trade active:
Min wave 3 Reached. The lower time frame should be monitored for possible indication of a pullback and if there is no indication ,then wave 3 has a high probability to extend higher. If wave 3 is extended then wave 4 and wave 5 projections should be adjusted accordingly .
Good LUck
Good LUck
