On december the 7th, i made a post regarding the a BTC Wave that no one was looking at. We got a bounce exactly of the 1.618 trend-based extension.
On that analysis, i had 4800 as a target, which i think we will see after we hit our buy zone at 3420-3320 USD.
3420-3320 is the completion of the B retracement down. 4800 will therefore be our C.
What i expect after that is that we will see levels such at 2200-1800 USD, which is going to be our 5th wave down.
Last post i down below.
On that analysis, i had 4800 as a target, which i think we will see after we hit our buy zone at 3420-3320 USD.
3420-3320 is the completion of the B retracement down. 4800 will therefore be our C.
What i expect after that is that we will see levels such at 2200-1800 USD, which is going to be our 5th wave down.
Last post i down below.
Comment:
Comment:
We currently had a big move up. Which i think was our B. I know expect a drop again either from the 0.5 fib or 0.618 fib Extension. Our buy zone is changed slightly and are now at 3350.
Also If we look at the 4H RSI, we see a bearish divergence which is at 0.5 fib (3900). Which is a strong indication that we should drop from here.
Also If we look at the 4H RSI, we see a bearish divergence which is at 0.5 fib (3900). Which is a strong indication that we should drop from here.
Comment:
Really important level at 3811. It seems to be a small ABC. of the B wave. If that is true, and pit pushes up with good volume. We will see 4,200 next, which is our 1-1 extension of the AB.