WILL BITCOIN GO BACK TO 6K? för BITMEX:XBT av LukeSkywalker

trendanalysis harmonicpatterns chartpattern bitcoin bitcoinforecast bitcoinprice btcusd bitfinex bitmex longbtc

I believe this was the end of the drop of BTC.

This was the end of wave 3, now we begin wave 4 ending at about 5800-6000.

The the final wave will end at 4800, at 1.618 extension of the wave waves and 1. extension of the ABC.

Kommentera:

Longs are looking really good

We just had a bounce of the 0.382 fib, meaning that this was the B.

We are not going to push higher approaching wave C

Specific Targets for Long is
1st: 5768
2nd: 5863

Kommentera:

BTC is slowly climbing up the C wave.

Wave 2 is completed now we are about to start our wave 3.

Target 5800.

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