BTCUSD remains a STRONG BUY.Major Breakout is IMMINENT for
BTCUSD!Analysis Method: Wave Theory + Fibonacci
Previous analysis focused on the
BTCUSD Hourly chart where I was tracking a Primary Wave. The Primary Wave Sequence completed and the 5th wave broke .618 (5th Extension Trigger) as expected. Daily Chart:
Primary Wave Cycle:
Wave 3 & Wave 5 Extended:
Correction Sequence: ZigZag
High Wave 1: 343%
Minor Wave Sequence (Previous Analysis):
Target Wave 3 Area: $23,806-$17,169
Fibonacci Time Markers: Estimate 47 Days to Hit High Wave 3 Target Area
Previous Idea Link:
Will Update.
FMW
-AB
Note
Primary Wave - Leading DiagonalNote
Fib Time Marker Dates:Note
Daily update:Note
Primary Wave = 43%Note
Primary Wave 3 Target:Note
$12,938-$11,229.99Note
Estimated Time-frame: 13 DaysNote
Time-Frame on Schedule.Note
Note
Daily Chart Update (Above)Note
Note
Time-Frame Update: 8 Days to Primary Wave 3 Target AreaNote
Primary Wave 3 Target Area:$12,690-$11,229
Note
Note
Note
Note
Note
Channel Trigger & Fibonacci Extension LevelNote
Key Target: $9457Trade closed: target reached
New BTC analysis coming soon...
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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.