BTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618. This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn.
WACE C TARGET:
BTCUSD $8898-$8143Hold on...its going to be a little bumpy.
Count the WAVES.
Look for a Reflex Point that ends higher.
Count 5 Mini-Waves.
Count 3 Corrective Waves...Should be at 50% or 61.8% retracement levels.
Place stop-loss just underneath Mini-Wave 1.
Cheers!
Stay thirsty my friends,
-AB
Note
I misread the target lines...
The Correct numbers are BTC $8143.80 (1.382) & $7722.79 (1.618)
Cheers,
AB
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.