BTCUSDT: last wave down targets
As was predicted in the previous idea, now we see the last 5th wave down in the grand ABC structure before the market reversal and the beginning of the 3rd grand wave up. Let's short.
According to the Fib ratios and Elliott wave patterns we can assume, that this 5th wave down will be of the same high as the 1st wave (blue line = 1st wave high) and also will be about 0.618 of the 1-3 waves high (marked with the yellow levels of the Fib extension).
I expect the downtrend to reach at least 0.382 of the Fib extension of the 1-3 waves (green box) and the maximum 0.618 of the Fib extension of 1-3 waves (orange box).
I will be conservative and advise using T1 because it is also on the same level as the huge support zone formed by the end of the A wave (pink line).
Hope you like my idea and will subscribe to get notified about my new ideas. Have a nice day and talk to you soon!
According to the Fib ratios and Elliott wave patterns we can assume, that this 5th wave down will be of the same high as the 1st wave (blue line = 1st wave high) and also will be about 0.618 of the 1-3 waves high (marked with the yellow levels of the Fib extension).
I expect the downtrend to reach at least 0.382 of the Fib extension of the 1-3 waves (green box) and the maximum 0.618 of the Fib extension of 1-3 waves (orange box).
- T1: 32 000 $
- T2: 23 400 $
I will be conservative and advise using T1 because it is also on the same level as the huge support zone formed by the end of the A wave (pink line).
Hope you like my idea and will subscribe to get notified about my new ideas. Have a nice day and talk to you soon!
