Corrective B wave seems finished, beginning of the C wave
已更新
It does seem that we are in the midway of the corrective pattern (ABC).
It seems B wave is finished because it reached the resistance 0.618 of the fibonacci retracement and it bounced. Therefore, there are three possible targets for the C wave supposing we are in a normal flat pattern.
Target 1: 41k (100% of the A wave projected from the end of B).
Target 2: 36k (1.236)
Possible target 3: 34k (1.382). I marked this as only a possibility because it is relatively rare to see a flat pattern reaching this point. It is plausible however due to the fibonacci support of 0.5 (retracement of 3rd wave) in the weekly chart that corresponds to possible end of the 4th wave.
After this corrective movement I expect BTC to reach ~80k in the 5th wave.
I would like to know your opinions.
I wish you all good profits!
DISCLAIMER:
This is not a financial advice
It seems B wave is finished because it reached the resistance 0.618 of the fibonacci retracement and it bounced. Therefore, there are three possible targets for the C wave supposing we are in a normal flat pattern.
Target 1: 41k (100% of the A wave projected from the end of B).
Target 2: 36k (1.236)
Possible target 3: 34k (1.382). I marked this as only a possibility because it is relatively rare to see a flat pattern reaching this point. It is plausible however due to the fibonacci support of 0.5 (retracement of 3rd wave) in the weekly chart that corresponds to possible end of the 4th wave.
After this corrective movement I expect BTC to reach ~80k in the 5th wave.
I would like to know your opinions.
I wish you all good profits!
DISCLAIMER:
This is not a financial advice
交易結束：目標達成
Correction path is, from my point of view, completed.I expect BTC to reach at least 80-86k in the next run.
Good luck :)
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。