Bitcoin is in 4th wave progress, Target 7500USD
Updated
Bitcoin correction target is thought to be around 7500 USD, which is the end point of 4th impulse wave.
I got back to the drawing board again as soon as 8250 line was broken down closed.
Let's see what's going to be unfolded
7500 USD :
1. This is the target of Y, exactly same rate of drop in W wave, 1:1
2. The is the point of 4th impulse wave as well.
9000 USD:
1. A target of E wave in triangle correction in progress
2. Fib 61.8 % retracements of (3) wave in Y correction.
3. three forth line of the channel drawn,.
Let's see what is going to be unfolded
I got back to the drawing board again as soon as 8250 line was broken down closed.
Let's see what's going to be unfolded
7500 USD :
1. This is the target of Y, exactly same rate of drop in W wave, 1:1
2. The is the point of 4th impulse wave as well.
9000 USD:
1. A target of E wave in triangle correction in progress
2. Fib 61.8 % retracements of (3) wave in Y correction.
3. three forth line of the channel drawn,.
Let's see what is going to be unfolded
Trade active
I see the target of D is reached out within an error value. Let's see if a target of E around 9000 is reached out
Trade closed: stop reached
(E) wave was omitted for some reason, The target is reached out. Let's see we could go up higher as bounce off
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