Tommy_Trader

Bitcoin impulsive wave structure validations

BITFINEX:BTCUSD   Bitcoin
As we confirm and dis-confirm wave structures, we adjust our targets based on probability. I believe we are on sub-wave 3 of big wave 5. $8,200 is acting as a solid and hard support now as it was a hard resistance before. There is a high chance that we are going to test that $8,200 support region which I would consider as wave 4 which is a correction for on-going wave 3. This would be a good entry(long) point for daily traders. After that my targets stands at anywhere near $8,800~$9,200 which seems pretty viable.

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