I can count multiple paths for BTC, at least 4 labelings, this option is just one of them.
this analysis is not an excuse to go short or long, do your own analysis and do not let others do the thinking for yourself!
Triangles do NOT lie! if this is a triangle in yellow, then BTC has only one move up left before it falls back where many get scared!
The fall is either gonna be short term to be labeled as wave 2 of a higher degree or, gonna fall to complete red wave (C) of green 4
I do not like that blue wave ((C)) of B (flat) is prolonged compared to blue Minutte ((A))
Amazing fibo levels,
-My upper targets zone is there level subminutte 5 equals wave 3 in yellow
-Minute blue ((c))= 3.618 ((a))
-Minor wave B would be 0.786 retracements of wave A in red
this analysis is not an excuse to go short or long, do your own analysis and do not let others do the thinking for yourself!
Triangles do NOT lie! if this is a triangle in yellow, then BTC has only one move up left before it falls back where many get scared!
The fall is either gonna be short term to be labeled as wave 2 of a higher degree or, gonna fall to complete red wave (C) of green 4
I do not like that blue wave ((C)) of B (flat) is prolonged compared to blue Minutte ((A))
Amazing fibo levels,
-My upper targets zone is there level subminutte 5 equals wave 3 in yellow
-Minute blue ((c))= 3.618 ((a))
-Minor wave B would be 0.786 retracements of wave A in red
Comment:
the other midterm bearish possibility is that BTC falls to 47k$ range then shoots up again