Why Bitcoin has to make another drop before another rally
At this point the main question is what the potential target for the final decline in wave (c) of (v ) of C of [4]?
And here we should calculate potential projections to come up with confluence of targets. Projections of the larger Wave A of 4 give two targets: $4,432 and $4,136.
Projections of the Wave (i) of C of 4 give two targets: $5,284 and $4,193. Finally, projections of wave (a) of (v) suggest two targets: $4,494 and $4,106.
As we can see, we have a very strong confluence of potential targets for the final move down in the area of $4,193-$4,106.
Please read my analysis on www castawaytrader com / bitcoin
or watch the latest video at www castawaytrader com / videos
And here we should calculate potential projections to come up with confluence of targets. Projections of the larger Wave A of 4 give two targets: $4,432 and $4,136.
Projections of the Wave (i) of C of 4 give two targets: $5,284 and $4,193. Finally, projections of wave (a) of (v) suggest two targets: $4,494 and $4,106.
As we can see, we have a very strong confluence of potential targets for the final move down in the area of $4,193-$4,106.
Please read my analysis on www castawaytrader com / bitcoin
or watch the latest video at www castawaytrader com / videos
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