#Update ideas on Bitcoin dated April 07.
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead of leading diagonal triangle, was formed a double zigzag in wave (X). With such a development of events, growth in the region of 7700-8000 by a wave (Z) is still possible.
In any case, the entire growth from mid-March is correction after which, with a high degree of probability, the price of Bitcoin will continue to downtrend. I expect falling to the area of 3400-4400 in the wave (c) of (Y) of (B).
☘️ Good luck!
Thanks for your 👍 fingers under the idea.
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead of leading diagonal triangle, was formed a double zigzag in wave (X). With such a development of events, growth in the region of 7700-8000 by a wave (Z) is still possible.
In any case, the entire growth from mid-March is correction after which, with a high degree of probability, the price of Bitcoin will continue to downtrend. I expect falling to the area of 3400-4400 in the wave (c) of (Y) of (B).
☘️ Good luck!
Thanks for your 👍 fingers under the idea.
