user100000

1-2-1-2 impulse wave

Long
BITSTAMP:BTCUSD   Bitcoin
I no longer believe there is an expanding diagonal pattern. The price action seems to have a strong wave three personality; a drop below 246 for the overlap idea is unrealistic by early Nov. Circle wave iii extended by 2.618 of circle wave i which is a common ratio for an extended third wave. The target for the larger wave 3 degree could be 2.618 of wave 1 which is 349.10
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.