Below 73881.4 we are looking to the downside to unfold wave ((4)) of wave 3.
Possible targets 0.382 fib retracements also key level previous wave (4) 59112 zone.
Possible targets 0.382 fib retracements also key level previous wave (4) 59112 zone.
Note
Bitcoin must stay above 68416.26 and clear 71726.51 to continue its move to the upside.
Clearing 68416.26 we will favor a Y or C wave to the downside
Note
Further, rangebound price action may hint that wave ((iv)) takes the form of a triangle.
If so, the remaining subdivisions will unfold above 60761.07 and below 71726.51
Note
Updated wave ((4)) triangle as the price keeps 60761.07 level
Note
The 3 waves rally from 60788 to 66883 is evidence to suggest an impulse lower will unfold in wave V
Note
Watching for evidences wave (c) an ending diagonal have ended at 59644.
Above 59644. and clearing 64101 we will look to the upside for wave ((5)).
Note
Watching for evidences wave ((iv)) a complex correction ended 56537.33.
Above 56537.33 and clearing 64699.48 also middle line of decelerating channel we are looking to the upside for wave ((v)) of wave 3
Note
Above 56537.33 and clearing 63451.11 we are looking to the upside for wave ((v)) of wave 3.
Note
Wave (iii) possible target 1.618 fib extension of wave (i) = 76374.14.
Note
Above 65500 we are looking to the upside to complete wave (v) of ((v)) of 3 with possible target 81800 - 88000.
An extended wave (v) with target equality between waves (i) +(iii) may hit 84312.
Note
Above 68405 we are looking to the upside to complete a 5 waves structure wave v of (v) of ((v)) of 3. Target aims above 80000 USD price zone.
Note
Count still valid above 65500.
Changed wave (iv) into a complex correction and above 66000 we are looking to the upside for wave (v) of ((v)) of 3.
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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.