BTCUSD bounce targets: Bitcoin retrace to 4500 or even 4700?
Cập nhật
Pretty good bounce thus far.
It looks like we are in the process of a 12345 impulse that might be a wave C of ABC correction.
The last strong move was a perfect wave 3 structure, including a 4.236 extension to complete the wave.
So I am expecting a wave 4 retrace then a final push up into resistance, and to complete wave C.
Lets see how this plays out.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
And so the current plot fits the higher wave 4 from above
It looks like we are in the process of a 12345 impulse that might be a wave C of ABC correction.
The last strong move was a perfect wave 3 structure, including a 4.236 extension to complete the wave.
So I am expecting a wave 4 retrace then a final push up into resistance, and to complete wave C.
Lets see how this plays out.
Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
As it was being approached, I fined tuned the target a based on the downward momentum:
Getting closer, I started to see a bigger picture coming together:
After the bounce, I am still calculating the odds of one more leg down, based on these levels
And so the current plot fits the higher wave 4 from above
Ghi chú
ALERT: Just found a serious hurdle at 4425, see this Idea 
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.