85 % profit to do on 5 swings if this scenario work .
Condition :wave d can not go lower than 3140$ and wave (5) in green have to respect the 100%fib ratio ,if it go to 1.618 level ,it will be an other scenario .
Good luck and don't forget to like for suport my work if you like the idea
Actually in an ending diagonal ,building the wave 4(target green fibo) ,then more way down for find the 5th wave of the ending diagonal with a nice bullish crab pattern .Once D point will be find (between the 2 red line) ,diagonal and wave ||| will be finish and a nice pump should come for find the big wave 4(target pink line) followed by a nice dump for close the ...
Bitcoin bounced on the oblique line and many think than now it's ok ,impossible to break this line it is the last suport impossible to break it or Bitcoin is dead...do it is what you think ?
I strongly think than we are going at 2500$.In my previous post i mentioned the WXYXZ structure as the corective pattern of this 2018 cycle and i thought than it will play it ...
Chart is wonderfull :
4h Rsi indicator is on suport and just need a bounce for a jump .We can also notice a divergeance (green arow)
Stoch is bouncing
After piercing through the last 2 spike resistance ,volumes are above previous highest spikes and holds the support...
(stop loss 1590 )
Actual price 1720
People belive than once the trend line (in green) will be broken ,Bitcoin will start a new bull run...I belive the oposite with a new low than the previous after have break this trend line...we will see very soon how it act