BTCUSD Third wave development analysis, the 93000-100500 zone is the (4.618) Fibonacci multiple i.e., a complete extension cycle, however, probabilities of lower scale multiples (2.618/3.618) must be put into consideration which subsequently give a wholistic expansion cycles with the 5th wave.
Meaning: If the multiple is (4.618) then the 5th will be equivalent to 1st wave, or if any other multiples then the 3rd wave and 5th will be equalizers to balance the market force.
This development will be the 1st wave of the 3rd.
Enjoy Trading!
Meaning: If the multiple is (4.618) then the 5th will be equivalent to 1st wave, or if any other multiples then the 3rd wave and 5th will be equalizers to balance the market force.
This development will be the 1st wave of the 3rd.
Enjoy Trading!