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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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