Bitcoin, H6
We underestimated the ending wave
Bitcoin after hitting the 42K mark broke again and dropped below the 141.4% Fibo mark (According to our previous calculations, this correction only ran 114.4%).
So to complete this correction, Bitcoin needs to retrace to the area of the 50% Fibonacci retracement price level, or 161.8% expansion, estimated at 33K USD.
Current wavelengths:
B1. Correct the price from 36K3 area, go 3 reverse waves to 47K8
B2. Further down to 33K CZK
B3. Go up to 47K8 again, then correct, maybe hit 33K again or higher and then go back uptrend
Trade requires stop loss, take care of your own account and this is not investment advice
We underestimated the ending wave
Bitcoin after hitting the 42K mark broke again and dropped below the 141.4% Fibo mark (According to our previous calculations, this correction only ran 114.4%).
So to complete this correction, Bitcoin needs to retrace to the area of the 50% Fibonacci retracement price level, or 161.8% expansion, estimated at 33K USD.
Current wavelengths:
B1. Correct the price from 36K3 area, go 3 reverse waves to 47K8
B2. Further down to 33K CZK
B3. Go up to 47K8 again, then correct, maybe hit 33K again or higher and then go back uptrend
Trade requires stop loss, take care of your own account and this is not investment advice
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.
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.