Verge/Bitcoin, Long position, H1: The beginning of fifth wave

BINANCE:XVGBTC   Verge / Bitcoin
The price chart has reached the Fibo level of 61.8%, so we expect the fourth wave to end and start the fifth one. Breakout of the resistance zone marked by red line and price close above EMA15 and EMA35 would be an optimal signal to open long.
Target level for movement in the context of the fifth wave may be 0.00001182 - 0.00001260.
Trade active: The resistance level was broken through, after which the first and second subwaves of wave 5 were formed. Since the second subwave reached 61.8% of the Fibo from 1 subwave, one can state about its termination and possible transition to 3 subwave. The target for this subwave will be level of 0.00001146. Then we expect the beginning of the correctional wave 4.
The final trigger for the beginning of 3 subwave will be breaking through and fixing over the peak of the 1 subwave.
Trade closed: target reached
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out