Hello.
This is my analysis for the bitcoin against the US dollar.
The Fibo. level for the end of the 5th wave is 100% it might go further but I highly doubt that.
if the 5th wave is extended it might go to the 127% or the 138%.
this analysis will FAIL under two scenarios:
1- the price breaks the end of the 3rd wave and then breaks the end of the 4th wave. Which will result in a compound correction.
2- the 4th wave breaks the end of the 1st wave.
This is my analysis for the bitcoin against the US dollar.
The Fibo. level for the end of the 5th wave is 100% it might go further but I highly doubt that.
if the 5th wave is extended it might go to the 127% or the 138%.
this analysis will FAIL under two scenarios:
1- the price breaks the end of the 3rd wave and then breaks the end of the 4th wave. Which will result in a compound correction.
2- the 4th wave breaks the end of the 1st wave.
this is an update for my idea.
i think we are the 3rd wave of the last major wave which is wave 5.