The following chart of Bitcoin BTC shows three highlighted waves
Here we have Box 1
Notice the wave doesn't begin on the assumed trend line, however, assuming this is also about the "true bottom" we see ~62% fib retracement (very common)
Here we have Box 2
Here we start the wave at the touching of the trend line and as you can see we also see ~62% fib retracement upon meeting with the trend line again.
And here we have Box 3
My prediction box.
This is where I see the BTC going assuming we another ~62% fib retracement...Let's see how it plays out!
Here we have Box 1
Notice the wave doesn't begin on the assumed trend line, however, assuming this is also about the "true bottom" we see ~62% fib retracement (very common)
Here we have Box 2
Here we start the wave at the touching of the trend line and as you can see we also see ~62% fib retracement upon meeting with the trend line again.
And here we have Box 3
My prediction box.
This is where I see the BTC going assuming we another ~62% fib retracement...Let's see how it plays out!
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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.
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.