BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've made full review of BTC/USD pair after 17.12.17 (ending of THIRD wave) when it began to fall.
It looks like we have big correction to previous wave from 17.12.17 to 06.02.18. It made Zigzag ABC and have structure 5-3-5.
After it began to grow and 20.02 we saw the end of the FIRST wave in the BIGGER FIFTH wave (THIRD wave finished at 17.12.17).
Now it is in correction to this first wave so if I right it will not go below 6000. The most probably variant is that we can see reverse and new growth in the range between 6000-7200, I suppose it will be closer to 7000.
After this reverse THIRD wave will begin.
What do you think?
Really good explanation! Do you think a new up wave started?
Reply
CoreTrade Pavel90
@Pavel90, Thanks! Yes, I think it is started THIRD wave in the bigger FITFH wave. Now we are making the first wave of this THIRD wave.
Reply
hi CoreTrade,
Your chants are awsome. here is another view on the platfrom Thought you might like it.
Best,
Parker
Reply
CoreTrade Parker007
@Parker007, Hi ad thank you for cokmment! This guy count ABC Zigzag as 3-3-3 but it has to be 5-3-5, so I think his count is not correct.
I more like this view:

In near future I also expect retrying lvl about 7500-8000. Globally it could be more complex adn difficult correction and we even can see price below 6k, but now it is very hard to predict.
Reply
Parker007 CoreTrade
@CoreTrade, ok!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out