Bitcoin BTC EW path - Can Wave 1 be over? W3 to 47.2k?
Hi everyone here is a possible path for Bitcoin BTCUSDT.
It is possible that W1 may be over but I can be wrong. A retracement to at .5 fib around 8596$ or 7360$ (where MA 650 stand right now) is very possible. But if we are in a W2 it is possible that we retrace much more.. even 4.9k is possible. We if retrace around 8.6k I would consider W3 minimum reach to be the 261.8% fib around 36.5k or 361.8% fib at 47.2k. Best to you !
It is possible that W1 may be over but I can be wrong. A retracement to at .5 fib around 8596$ or 7360$ (where MA 650 stand right now) is very possible. But if we are in a W2 it is possible that we retrace much more.. even 4.9k is possible. We if retrace around 8.6k I would consider W3 minimum reach to be the 261.8% fib around 36.5k or 361.8% fib at 47.2k. Best to you !
Trade attivo:
0,236 seems to hold for now... Let's see how this is playing out ! We must keep in mind we already retraced to the 0.382 fib. 4 hours chart MA 150 is around 11180$ at the moment.