BitcoinLong
BTC Fractal Analysis
downward wedge 1 height ($20089 top to $6048 bottom) = -14041 = 308% deeper than next wedge height
upwards retrace zigzag height ($6048 to $11958) = 5910 = 42.091% retrace.
downward wedge 2 height ($11958 to $7398)= -4560 = ~162% deeper than next wedge height where 308%/162% ~ 1.88
upwards retrace zigzag ($7398 to $9177) = 1779 = 39% retrace
downward wedge 3 projected height ($9186 to $6430 - datapoints from bitfinex) = -2756 = projected 178% deeper than next wedge height; where 162%/178% ~ 88%
projected upwards 50% retrace zigzag = 1378 ($6430 to $7808)
projected downward wedge 4 ($7808 to $6260) = -1548; this produces yet another bull wick bounce below the long term support line.
wedge 1 speed = $-14041/1224hours = -11.47/hr
wedge 2 speed = $-4560/312hours = -14.615/hr
wedge 3 speed = $-2814/240hours = -11.73/hr
wedge 4 projected speed -11.75/hr = $-1581/134hr~5D14Hr
retrace 1 timing = $-5910/336hours = 17.589/hr
retrace 2 timing = $-1779/72hours = 24.7/hr ~ 1.38 faster
retrace 3 timing projected ~ 18/hr = 2756/153hr ~ 6D9Hr; this matches close to the top of the projected forming column.
Retrace 3 timing : April 1st 10AM EDT + 153 hrs = April 7th 7PM EDT
wedge 4 timing estimate April 7th 7PM EDT + 5D14Hr = April 12th 9AM EDT
BTC target bottom at $6260 near April 12th 9AM EDT
The ABCDE triangle completes wave A of an Cycle degree ABC correction. If you look at the BTC/USD line graph 1Week chart we see 5 waves down completing . After April 12th BTC starts putting in wave B upwards.
upwards retrace zigzag height ($6048 to $11958) = 5910 = 42.091% retrace.
downward wedge 2 height ($11958 to $7398)= -4560 = ~162% deeper than next wedge height where 308%/162% ~ 1.88
upwards retrace zigzag ($7398 to $9177) = 1779 = 39% retrace
downward wedge 3 projected height ($9186 to $6430 - datapoints from bitfinex) = -2756 = projected 178% deeper than next wedge height; where 162%/178% ~ 88%
projected upwards 50% retrace zigzag = 1378 ($6430 to $7808)
projected downward wedge 4 ($7808 to $6260) = -1548; this produces yet another bull wick bounce below the long term support line.
wedge 1 speed = $-14041/1224hours = -11.47/hr
wedge 2 speed = $-4560/312hours = -14.615/hr
wedge 3 speed = $-2814/240hours = -11.73/hr
wedge 4 projected speed -11.75/hr = $-1581/134hr~5D14Hr
retrace 1 timing = $-5910/336hours = 17.589/hr
retrace 2 timing = $-1779/72hours = 24.7/hr ~ 1.38 faster
retrace 3 timing projected ~ 18/hr = 2756/153hr ~ 6D9Hr; this matches close to the top of the projected forming column.
Retrace 3 timing : April 1st 10AM EDT + 153 hrs = April 7th 7PM EDT
wedge 4 timing estimate April 7th 7PM EDT + 5D14Hr = April 12th 9AM EDT
BTC target bottom at $6260 near April 12th 9AM EDT
The ABCDE triangle completes wave A of an Cycle degree ABC correction. If you look at the BTC/USD line graph 1Week chart we see 5 waves down completing . After April 12th BTC starts putting in wave B upwards.
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