Explanation on the Fibonacci levels on the graph:
-Wave 2 retraced 38.2% of wave 1, meaning it is likely the fourth wave will retrace at least 38.2% of wave 3. I suspect it will be 50%, but if it does go to 61.8%, then lots of profit will be made.
-Wave 3 hit a perfect 1:1 Fibonacci extension of wave 1 to 2. This ideal extension is what gives me the price target of a 1.618 extension of wave 1 to 2 which provides a price target of $210.
Please do leave any feedback/questions in the comments below. I have been unable to reply to comments on my ideas because of recent moderator action so if I can't reply because of this feel free to PM me.
BTC tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
-Wave 2 retraced 38.2% of wave 1, meaning it is likely the fourth wave will retrace at least 38.2% of wave 3. I suspect it will be 50%, but if it does go to 61.8%, then lots of profit will be made.
-Wave 3 hit a perfect 1:1 Fibonacci extension of wave 1 to 2. This ideal extension is what gives me the price target of a 1.618 extension of wave 1 to 2 which provides a price target of $210.
Please do leave any feedback/questions in the comments below. I have been unable to reply to comments on my ideas because of recent moderator action so if I can't reply because of this feel free to PM me.
BTC tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.