Hello trader!
as you can see on the Daily chart BTC is showing strenght what i think is a 5 wave structure !
we are currently in wave 3 as you can see on the chart .
the blue box on wave 3 is the 618fib level from dec 18's high to Feb 6's low! so we might see some correction "wave 4" to the downside.
as we know"wave 5" is the extended wave i expect some more growth ! but not more then 4450 BTC which was/is significant resistance in the past.
and also a fib level if we drawn the retracement from Nov 7' High to Dec 15's Low
Pleas note: everthing here is my personal opinion , not financial advise
if you like this post give it thumps up ! thank you
as you can see on the Daily chart BTC is showing strenght what i think is a 5 wave structure !
we are currently in wave 3 as you can see on the chart .
the blue box on wave 3 is the 618fib level from dec 18's high to Feb 6's low! so we might see some correction "wave 4" to the downside.
as we know"wave 5" is the extended wave i expect some more growth ! but not more then 4450 BTC which was/is significant resistance in the past.
and also a fib level if we drawn the retracement from Nov 7' High to Dec 15's Low
Pleas note: everthing here is my personal opinion , not financial advise
if you like this post give it thumps up ! thank you
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This inverse head and shoulder could give us a good outlook how next month wil end ! Keep an eye On that patern !
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Wave 5 is stil to come !
