marzil

marzil

Uncharacteristic for wave 4 to go below wave 1 high, therefore it's unlikely that the support will not hold. Also, taking length of corrective A and projecting it to B, we're getting a prime algo target (needless to say they're involved in finex pairs) Fibonacci levels incoming, as shown in the chart. I'll be opening a buy position w/ stop loss right under the...

marzil

Exploring a possibility

marzil

Just shy off of the 0.618 fibonacci level, support 1 seems to be holding up pretty well as of now. A case for a complete retracement can be made, leading to beginning of a fresh motive wave.

marzil Updated 

A more complicated correction wave count for bitcoin.