Bitcoin still going correctively and we may see further move to the downside to complete the Y wave.
Triangle pattern for the X wave if the 26435.81 remains intact.
Breaking near-term key level 25385.52 probably will start the move for Y wave.
Possible targets for the Y wave remains 0.5 fib retracement where we have 0.618 X vs Y or 0.618 fib retracement where we have equality between X and Y.
Hit the like button and follow me for future updates if you like my analysis.
Good luck!
Triangle pattern for the X wave if the 26435.81 remains intact.
Breaking near-term key level 25385.52 probably will start the move for Y wave.
Possible targets for the Y wave remains 0.5 fib retracement where we have 0.618 X vs Y or 0.618 fib retracement where we have equality between X and Y.
Hit the like button and follow me for future updates if you like my analysis.
Good luck!
Note
We are watching for a decisive break of 25710.78 to signal the start of the wave 3
Note
Note
breaking above 25749.99 we may see further move to the upside
target for a possible wave 3 is 26753.64. Below this level is only a correction
Note
WXY correction may be completed
wave 3 may be ended
breaking channel will be a good chance to turn the trend upside
Note
possible targets for 5th wave 27415 - 27760
Note
we may see a triangle pattern in wave 4th
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.