BTC! Subwave 4 detailed analysis - ABC waves
- The vertical wave A is definitely a bull flag pattern.
- I expect a small retracement for Wave B from A, which lines up with bull flags…. I have the 0.236 fib level on the chart at 8150.
- Expect a good amount of sideways consolidation with the force of that wave A.
- Then expect wave C to explode out of the sideways action as per bull flag breakout.
- I have triple confluence at 8361 - 8393 range:
- 0.618 Fib extension off Waves A and B
- 0.618 Fib retracement for subwave 4 from the entire height of subwave 3
- This level hits the support/resistance level of subway 1 (Mar 25 4:30am) on the chart, along with sub-subwave 1 of subway 3.
Lets watch and profit!
LLCoolRS
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
- I expect a small retracement for Wave B from A, which lines up with bull flags…. I have the 0.236 fib level on the chart at 8150.
- Expect a good amount of sideways consolidation with the force of that wave A.
- Then expect wave C to explode out of the sideways action as per bull flag breakout.
- I have triple confluence at 8361 - 8393 range:
- 0.618 Fib extension off Waves A and B
- 0.618 Fib retracement for subwave 4 from the entire height of subwave 3
- This level hits the support/resistance level of subway 1 (Mar 25 4:30am) on the chart, along with sub-subwave 1 of subway 3.
Lets watch and profit!
LLCoolRS
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
Penafian
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