Hello, colleagues!
It's my marking of Bitcoin's chart.
I think, Bitcoin will up now to $7200-7500. Next it will down $7200-6900 on wave 4 (invalidation - $6900, wave 1). Next Bitcoin will go up to $7500-8000. It will wave 1 of C.
On "Submicro" we see the rule of alternation - wave 2 is flat (0,5-0,382 Fibo) and wave 4 is deep correction (0,5-0,618 Fibo). On "Minuskul" we see: wave 1 is slightly less than wave 3. It means, wave 5 can be extended.
My targets:
$7300
$7650
$7800
If wave 5 will be truncated, to price won't arrive at $7160, but correction still won't reach $6900.
It means, Stop-Loss is 6900!
Thank you for reading, colleagues! It's my practic of English and I hope you understand my text)
I will be glad to your questions! For talk with me you can join in our new chat.
It's my marking of Bitcoin's chart.
I think, Bitcoin will up now to $7200-7500. Next it will down $7200-6900 on wave 4 (invalidation - $6900, wave 1). Next Bitcoin will go up to $7500-8000. It will wave 1 of C.
On "Submicro" we see the rule of alternation - wave 2 is flat (0,5-0,382 Fibo) and wave 4 is deep correction (0,5-0,618 Fibo). On "Minuskul" we see: wave 1 is slightly less than wave 3. It means, wave 5 can be extended.
My targets:
$7300
$7650
$7800
If wave 5 will be truncated, to price won't arrive at $7160, but correction still won't reach $6900.
It means, Stop-Loss is 6900!
Thank you for reading, colleagues! It's my practic of English and I hope you understand my text)
I will be glad to your questions! For talk with me you can join in our new chat.
Note
It's Leading Diagonal, or Ending Diagonal. Stop-Loss on 6800, target 7500.
Note
entry 6970-6820Note
goal 7300 achievedNote
good job Frank, good job :)Trade closed: target reached
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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.