BTC Final Wave 5
Hello everyone!
As you all probably know bitcoin made a reversal with a inverse H&S and started a short rally from February 6.
This week Bitcoin reached 11.3k and as you can see in the chart , wave 3 is completed. By using fib extension (from wave 0,1,2), we could predict this target.
Another interesting point is that wave 1 and 3 are close the the fib retracement levels I draw of the rally started in September 15. wave 1 ended at 61,8% and wave 3 ended at 50%. I believe that wave 4 ended too, and we might see a rally to 13k now.
As you all probably know bitcoin made a reversal with a inverse H&S and started a short rally from February 6.
This week Bitcoin reached 11.3k and as you can see in the chart , wave 3 is completed. By using fib extension (from wave 0,1,2), we could predict this target.
Another interesting point is that wave 1 and 3 are close the the fib retracement levels I draw of the rally started in September 15. wave 1 ended at 61,8% and wave 3 ended at 50%. I believe that wave 4 ended too, and we might see a rally to 13k now.
Transaction en cours
At the moment BTC is breaking the resistance at 11,2k!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.