BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
considering we had a wave failure...

we assume we are completed the Wave A of ABC correction.with recent swin high -9217.5 and swing low-6404.5

With wave A we can assume a dead cat bounce of .236-.38 fib retracemnt.
However we have already above .236 fib , Based on the fact that we are yet to complete wave B with 3 waves up,The possible target is .38 ..i.e 7479


Wave B targets
-----------------
Based on how deep we retrace on sub wave b of wave B
if it retraces up to .5 fib -6765.1 the target can be 7353(.78 fib)-7515(1 fib)
if it retraces up to .61 fib -6679.1 the target can be 7273(.78 fib)-7435(1 fib)

Wave C targets
-------------------

Based on wave B retracement we can predict Wave c .
our assumptions

if it retraces up to .38 fib -7479 the target can be 5262(.78 fib)-4660(1 fib)


Not a financial advice

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out