BitcoinLong
Bitcoin might be testing a level of support.
I am still assuming that a wave 5 is in progress with the interior count of wave 1(leading diagonal) and 2 assuming to be complete.
Now assuming that wave 3 is still unfolding with the interior wave 4 currently unfolding, taking a shape of a flag technical pattern.
Using the fibonacci retracement tool I can see price is currently testing the 38.2% level of support.
Finding a good opportunity can be taken as the analysis remains valid until the top of wave 1 is taken out.
A happy trading to you all.
God Bless You.
Now assuming that wave 3 is still unfolding with the interior wave 4 currently unfolding, taking a shape of a flag technical pattern.
Using the fibonacci retracement tool I can see price is currently testing the 38.2% level of support.
Finding a good opportunity can be taken as the analysis remains valid until the top of wave 1 is taken out.
A happy trading to you all.
God Bless You.
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