Bitcoin appears to be completing its Wave (4) correction around the 0.382 Fibonacci level near 116,359. As per Elliott Wave structure, a potential Wave (5) extension is anticipated with key Fibonacci targets at 119,908 (0.618), 122,107 (1.0), and 125,664 (1.618). Price action confirmation above the current structure may trigger the next bullish leg.
𝙇𝙚𝙩'𝙨 𝙎𝙩𝙖𝙧𝙩 𝙔𝙤𝙪𝙧 𝙟𝙤𝙪𝙧𝙣𝙚𝙮 𝙒𝙞𝙩𝙝 𝙎𝙖𝙛𝙚 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙈𝙖𝙨𝙩𝙚𝙧 𝙡𝙚𝙫𝙚𝙡 𝙏𝙧𝙖𝙙𝙞𝙣g
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𝙇𝙚𝙩'𝙨 𝙎𝙩𝙖𝙧𝙩 𝙔𝙤𝙪𝙧 𝙟𝙤𝙪𝙧𝙣𝙚𝙮 𝙒𝙞𝙩𝙝 𝙎𝙖𝙛𝙚 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙈𝙖𝙨𝙩𝙚𝙧 𝙡𝙚𝙫𝙚𝙡 𝙏𝙧𝙖𝙙𝙞𝙣g
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.