BitcoinLong
The COMPLETE analysis of the BTC USD for the medium term
Hello dears!
Today we will analyze all aspects of bitcoin for the medium term
The growth from December 17 to $ 1000 consists of 5 waves (wave 3-triple zigzag), after which the fall is also a 5-wave structure(December 24-28)
Correction from 27-9 January - double zigzag ABC, where the wave B-tapering triangle(each subsequent is 0.618 Fibonacci)
Wave C-5 wave structure
Now we are in a bearish mood
The structure of the fall - 12345
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Sales options
The end of the 4 correction wave is possible at two levels(or 4 zigzag wave, or ABC triangle)
Fibonacci-correction waves go to the levels of 0,236 0,382
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A break of the support level is confirmation of the beginning of the 5th wave
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Purchase options
attitude 1/5 wave=1/1.618
The difference between the projection of the price of waves a and C is measured in 15 000, the lower zone-support
The ratio of angles of 24 degrees gives us a trend line
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Today we will analyze all aspects of bitcoin for the medium term
The growth from December 17 to $ 1000 consists of 5 waves (wave 3-triple zigzag), after which the fall is also a 5-wave structure(December 24-28)
Correction from 27-9 January - double zigzag ABC, where the wave B-tapering triangle(each subsequent is 0.618 Fibonacci)
Wave C-5 wave structure
Now we are in a bearish mood
The structure of the fall - 12345
----------------------------------
Sales options
The end of the 4 correction wave is possible at two levels(or 4 zigzag wave, or ABC triangle)
Fibonacci-correction waves go to the levels of 0,236 0,382
-------------
A break of the support level is confirmation of the beginning of the 5th wave
------------
Purchase options
attitude 1/5 wave=1/1.618
The difference between the projection of the price of waves a and C is measured in 15 000, the lower zone-support
The ratio of angles of 24 degrees gives us a trend line
------------
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.
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.