BTCUSD is currently in a correction sequence. We are in the Wave B position in Sub-Wave 3. BTC is a STRONG BUY (Long-term)
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Wave A was formed by 3 Sub-Waves. Since Wave A was formed by 3 Sub-Waves a Flat Correction (3-3-5) sequence is expected.
Wave B is currently underway and will be completed by 3 Sub-Waves. Wave B typically retraces near 100% of Wave A.
Wave C will be completed by 5 Sub-Waves and will turn into a Wave Sequence when completed.
Wave B estimated to be completed in 1 day 18 hours
Near-Term Target: $3,383.00
Will update.
-AB
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Price Action update:Note
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Notable Fib Time Date: 1/9/19Note
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BTC estimated to bottom in 7 days...Note
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5 Days...Note
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B Wave - Sub-Wave 3 underway...Target remains.
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We are getting close to the target...Note
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Dr. Raja FloresNote
Please excuse above remark...Note
Target almost hit...Note
Approximately 13% gain if my target of $3,383.00 is hit...Note
Currently, we are at a 10.48% gain...Not bad...
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Target close...Note
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Trade expected to be over very soon...Trade closed: target reached
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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.