The count was wrong in the previous idea.
Leading up to finishing wave 5, notice 2 things:
Rising Wedge
RSI Bearish Divergence
1. Rising Wedge
While the price is moving higher, the trading range is being limited. This is a bearish sign.
We have had 2 attempts at breaking upwards out of the wedge , and 2 attempts at going lower.
Once we confirm the...
BITFINEX:BTCUSD Analysis:
Wave 1 complete - all targets reached - peak: $9,069
Broken out of log trend-line from the all-time high (Dec 2017)
Fibonacci retracement of wave 1 provide possible support levels:
--- $8,500
--- $8,000
--- $7,800
--- $7,500
--- $7,000
Correction wave 2 may have begun
ABC Correction Wave:
Wave A: could follow a 12345...