I just analyzed the internal waves of wave C, and if my analysis is correct, then BTC is heading to around $4200-$4400 or in worst case to around $2900-$3000 where there is real strong support.
The analysis is based on a channel wave C is currently moving in and the fact that wave C is missing it's last leg (5th wave).
If wave 3 = wave 5, then we end up at around $2900. If 5 = 76.8% of 3, then we are heading to around $4200.
This is by no means a buy/sell signal. I am just a noob at trading, so please do your own research.
The analysis is based on a channel wave C is currently moving in and the fact that wave C is missing it's last leg (5th wave).
If wave 3 = wave 5, then we end up at around $2900. If 5 = 76.8% of 3, then we are heading to around $4200.
This is by no means a buy/sell signal. I am just a noob at trading, so please do your own research.
Kommentera:
There is also another possibility present. The possibility of a failed/truncated 5th wave. As the bull emotions are running high, it might just happen that the 5th wave fails to make a new low.