BTC Roadmap - Potential PA for Wave-3 of 3 of Grand-5
(BTC - 4-Hour TF)
Many great levels have been achieved with Bitcoin over the past weeks. The most anticipated being that major top/down 0.886 at $60.6K. Now as we look towards the local top/down 1.886 at $64.9K, we must keep great caution as this is the double top resistance area.
Optimistically, we have taken the local top/down 1.272 and 1.618 at $61.3K which could represent our local wave-1 of 3 of 3 of grand-5. This would come with our current consolidation as a possible wave-2 of 3 of 3 of grand-5. This is where the cautionary correction zone come in at the local top/down 1-fib at $52.9K. We could see a much shallower retrace [IF] we are ready to retrace. Personally, I believe we seek the 1.886 at least before a retrace but I'm prepared and caution to be ready now just in case.
Looking forward, taking the 1.886 would activate the 3.618 at $88.3K but for maximum potential taking the 2.618 at $74.8K would activate the 4.236 at $96.6K which is more realistic for the wave 3 of 3. Following these euphoric levels would come a likely retrace to the 1.618 at $61.3K for wave-4 of 3 of grand-5. A 30+% correction back to the current BU/LPS.
These are all potentials based on current data. Trade safe. Use a SL. Have a plan before you take the trade. Get the bag!
Let's go!
(For educational and observational purposes only. Not financial advice. Invalidation is always possible especially in crypto.)
Many great levels have been achieved with Bitcoin over the past weeks. The most anticipated being that major top/down 0.886 at $60.6K. Now as we look towards the local top/down 1.886 at $64.9K, we must keep great caution as this is the double top resistance area.
Optimistically, we have taken the local top/down 1.272 and 1.618 at $61.3K which could represent our local wave-1 of 3 of 3 of grand-5. This would come with our current consolidation as a possible wave-2 of 3 of 3 of grand-5. This is where the cautionary correction zone come in at the local top/down 1-fib at $52.9K. We could see a much shallower retrace [IF] we are ready to retrace. Personally, I believe we seek the 1.886 at least before a retrace but I'm prepared and caution to be ready now just in case.
Looking forward, taking the 1.886 would activate the 3.618 at $88.3K but for maximum potential taking the 2.618 at $74.8K would activate the 4.236 at $96.6K which is more realistic for the wave 3 of 3. Following these euphoric levels would come a likely retrace to the 1.618 at $61.3K for wave-4 of 3 of grand-5. A 30+% correction back to the current BU/LPS.
These are all potentials based on current data. Trade safe. Use a SL. Have a plan before you take the trade. Get the bag!
Let's go!
(For educational and observational purposes only. Not financial advice. Invalidation is always possible especially in crypto.)
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。