BTCUSD remains a STRONG BUY!Analysis Method: Fibonacci & Wave Theory
1 Hour Chart Shows a Primary Wave Sequence with an ABC correction.
Note that the Primary Wave didn't retrace to the 'normal' .618 level.
See related idea for further analysis.
Will update.
-AB
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Note we have been in a correction for approx. 15 Hours.Nota
Wave Theory: Another important clue that you can keep in mind is this, Compute the time and distance traveled by both the waves 2 and 4 of the lower degree. Then, your zigzag correction will be bigger in size and take longer time than the bigger of waves 2 and 4. For example, suppose wave 2 traveled 50 pips and took 3 hours, whereas wave 4 traveled 25 pips and took 5 hours. In this case, your zigzag correction will take more than 5 hours and will travel more than 50 pips.Nota
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1 Hour ChartNota
Fib Time Marker AddedNota
We should see a strong breakout in the next 2 hours and 45 minutes...Nota
Little longer than anticipated but still looking to break out...Nota
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Bitcoin is the single biggest threat to the Fiat “Status Quo”. What did every Big Bank CEO call Bitcoin?
Worthless. Scam. Fake.
Why?
Prediction: In the very near future, you will not need a bank.
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9481.57 is the Key Level for the 3rd Wave ExtensionNota
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The Extending Wave 1 FailedNota
New Analysis Posted Tomorrow....Nota
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.