BitcoinLong
Possible Buy zone for BTC/USD
Hello to everyone out there! You can call me Linds! I know that there has been a lot of talk on where Bitcoin will reverse before going up. I wanted to give my take on what will happen next on Bitcoin to share more ideas with the community.
The trend that price is currently in is in a 5 wave downtrend. I believe, if my wave count is right, price is about to finish up the 4th wave (pullback) and begin the 5th and final wave.
I also believe that once the 5th wave is complete, it will complete on the 61.8% retrecement level of the overall bigger move. (Price is currently in an uptrend on weekly and monthly timeframes)
Finally, I also see that the 5 wave downtrend, also a pullback, could be a possible flag pattern.
Thanks for checking out my idea. Greatly appreciate the feedback. Happy Trading :)
The trend that price is currently in is in a 5 wave downtrend. I believe, if my wave count is right, price is about to finish up the 4th wave (pullback) and begin the 5th and final wave.
I also believe that once the 5th wave is complete, it will complete on the 61.8% retrecement level of the overall bigger move. (Price is currently in an uptrend on weekly and monthly timeframes)
Finally, I also see that the 5 wave downtrend, also a pullback, could be a possible flag pattern.
Thanks for checking out my idea. Greatly appreciate the feedback. Happy Trading :)
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