Good Sunday everyone,
Bitcoin is currently sitting on my zone of interest. As you can see price managed to hit the extension target of 1.618 for wave C. This is the deepest possible target a wave C can extend. If we extend further of break the previous low, this count is invalidated.
However, I think that we are in a bullish wave 3 extension, which explains why the inner wave 2 has retraced that deep.
I'm buying.
This is no financial advice,
for further information please see below.
RT
Bitcoin is currently sitting on my zone of interest. As you can see price managed to hit the extension target of 1.618 for wave C. This is the deepest possible target a wave C can extend. If we extend further of break the previous low, this count is invalidated.
However, I think that we are in a bullish wave 3 extension, which explains why the inner wave 2 has retraced that deep.
I'm buying.
This is no financial advice,
for further information please see below.
RT