Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Repeating 61.8% Retracemens and a Large Scale Cup & Handle with the Handle trigger at 61.8% retracement Expecting drop to 4.2k region before the final pump to the angled 6k Trendline at around 6.8k-7k
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Target 4390 for end of wave 4 (0.618% of 4574 top)
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5474*
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More Fibs
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Maximum possible retracement for Wave 4 is $6200
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The Stages of a Market Cycle (Wave)
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It would appear the bulls managed to pull off a 23.6% retracement for wave 4, which is incredibly bullish. I now expect wave 5 target (6k trendline to hit by the end of April)