It seems that BTC to be at the beginning of wave c:B. price is supported in green zone that it includes fibonacci 1.618 of wave W and fibonacci 0.5 of wave a:B and fibonacci 1.272 wave X. I expect that price to rise to red zone that it includes fibonacci 1.38 and fibonacci 1.23 of wave A and fibonacci 1 of wave a:B.
after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
Trade active
It seems that the price is completing wave 3:c. Probably, in about a week, the five impulse waves of wave c:B will be completed. After that, I expect the price to drop below 89,000 and probably below 80,000.
Trade closed: target reached
it seems that wave Y is forming a flat pattern and price is at wave c:Y. so price will retest the green zone before going up.
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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.