buy if breaking 1-b trendline, buy in green zone, it is very likely C-wave wont retrace all of wave-A since b-wave is higher than A, this is generally a bullish sign.
Note
Wave-3 will most likely end at 10000$ but i can see this go all the way up to 12000$ in wave 5, but gotta wait and see how wave 4 unfolds first, cheers
Note
we got a new buy signal for btc, Now since wave-1 was extended, it would make sense that wave-3 is the subdivided one, which means that we may have completed wave-1 of wave-3 and are inside wave-2 of wave-3
Note
if we touch the (2) trendline, then we probably wont go above blue zone, if we dont touch it, and bypasses blue zone, we will probably go much higher, if not then that could signal end of wave-5 of the entire move, and we start dropping
Note
This was end of wave-3, getting an quick C-wave now before a weak 5-wave and then retracement down to (2) area
Note
if we reach blue box in this correction, we probably formed an 5th extension terminal impulse and heading to 12000$
Note
wem are at red line right now, if we dont manage to break it then BTC might not go any higher for atleast a few more days, so be careful
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.
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.