BTC - Breakout? (1 Hour) Wave & Fibonacci
Updated
BTCUSD remains a STRONG BUY!Analysis Method: Fibonacci & Wave Theory
1 Hour Chart Shows a Primary Wave Sequence with an ABC correction.
Note that the Primary Wave didn't retrace to the 'normal' .618 level.
See related idea for further analysis.
Will update.
-AB
Comment
Comment
Note we have been in a correction for approx. 15 Hours.Comment
Wave Theory: Another important clue that you can keep in mind is this, Compute the time and distance traveled by both the waves 2 and 4 of the lower degree. Then, your zigzag correction will be bigger in size and take longer time than the bigger of waves 2 and 4. For example, suppose wave 2 traveled 50 pips and took 3 hours, whereas wave 4 traveled 25 pips and took 5 hours. In this case, your zigzag correction will take more than 5 hours and will travel more than 50 pips.Comment
Comment
1 Hour ChartComment
Fib Time Marker AddedComment
We should see a strong breakout in the next 2 hours and 45 minutes...Comment
Little longer than anticipated but still looking to break out...Comment
Comment
Comment
Bitcoin is the single biggest threat to the Fiat “Status Quo”. What did every Big Bank CEO call Bitcoin?
Worthless. Scam. Fake.
Why?
Prediction: In the very near future, you will not need a bank.
Comment
Comment
9481.57 is the Key Level for the 3rd Wave ExtensionComment
Comment
The Extending Wave 1 FailedComment
New Analysis Posted Tomorrow....Comment
Trade closed: target reached
Related publications
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.