BTCUSD still has wave 5 to go? Bitcoin Fibonacci + Elliot Waves
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BTC has been following this fib series quite nicely.
The movements resemble a 12345 impulse structure.
Perhaps we are in wave 4 looking to start wave 5.
Fib extensions fit nicely:
wave 1 = 5.236
wave 2 = 2.618
wave 3 = 9.236
wave 4 to 5 = 6.618 -> 9.618 ?
wave 4 to 5 = 7.618 -> 10.618 ?
wave 4 to 5 = 8.618 -> 11.618 ?
The movements resemble a 12345 impulse structure.
Perhaps we are in wave 4 looking to start wave 5.
Fib extensions fit nicely:
wave 1 = 5.236
wave 2 = 2.618
wave 3 = 9.236
wave 4 to 5 = 6.618 -> 9.618 ?
wave 4 to 5 = 7.618 -> 10.618 ?
wave 4 to 5 = 8.618 -> 11.618 ?
Note
Nice move. Now we are coming up on moment of truth Note
Interesting turn of events, hit target exactly, then a bull trap, and hard fall .
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