What up guys?
Haven't charted in a while. Got a quicky here for you.
Bitcoin making an impulse, currently finishing wave four. Simple as that...
Wave 3 hit most likely target at 1.618 fib of wave 1, and wave 4 has made an adequate retrace. Could go a bit lower, invalidation is at 55,400
Initial targets for wave 5 would be 59.500 to 60.000 area. Then we may get pull back for reloading or continue down. Will reevaluate in due course.
Haven't charted in a while. Got a quicky here for you.
Bitcoin making an impulse, currently finishing wave four. Simple as that...
Wave 3 hit most likely target at 1.618 fib of wave 1, and wave 4 has made an adequate retrace. Could go a bit lower, invalidation is at 55,400
Initial targets for wave 5 would be 59.500 to 60.000 area. Then we may get pull back for reloading or continue down. Will reevaluate in due course.
Trade closed: stop reached:
closed the trade, it passed my invalidation, i think there is still more down. probably a finished impulse and looking for a retracement of the whole impulsive structure. THis would be bull case, bear case is much deeper. Lets see how it plays out