jmnavarro

BTC/EUR Final of the double zigzag.

KRAKEN:XBTEUR   XBT / EUR
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We have a clear double zigzag drawn on the chart. In a zigzag , wave A usually travels the same distance as wave C, so we have 2 targets: final of the wave C (7461 USD) and final of the wave Y (7019.8 USD). Also we have the 50% fibo retracement at 7420 USD aprox. and 61.8% at 6320 USD aprox.
This convergence of targets in the zone 7000-7500 USD makes me think the price will visit it.
Entry point: 7500 USD.
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