BitcoinLong
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.