BitcoinLong
BTC 4th local wave in a bullish uptrend!
As you can see in the chart, my future scenario would be a formation of a local wave 4 (A-B-C PATTERN). I expect that this wave would be a complex correctional structure, following the rule of ALTERNATION of Elliot Wave Theory, as our local wave 2 was a simple correction.
The zone of interest is located between the 0.382-0.5 Fibo of the wave 3(wich is confirmed by the 1.618 Fib Extension of wave 1), that would be our entry. The TP zone gonna be located near $ 67-68
The zone of interest is located between the 0.382-0.5 Fibo of the wave 3(wich is confirmed by the 1.618 Fib Extension of wave 1), that would be our entry. The TP zone gonna be located near $ 67-68
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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.