BTC Monthly
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According to this monthly chart, wave II of major cycle 1-5 should end in June 2021 - at the latest.
Then wave 3 would follow, with just over 16500 points.
In this case, wave 3 should be at least the length of the blue A (16544 P).
A closing price on a monthly basis above 9444 would speak for a somewhat longer red a of I, nevertheless we should again see the price around 6430 or 0.618% of the red a = 6363.
In the worst case, 5878 & 5402 (0.764% of the red a) could also be considered.
Then wave 3 would follow, with just over 16500 points.
In this case, wave 3 should be at least the length of the blue A (16544 P).
A closing price on a monthly basis above 9444 would speak for a somewhat longer red a of I, nevertheless we should again see the price around 6430 or 0.618% of the red a = 6363.
In the worst case, 5878 & 5402 (0.764% of the red a) could also be considered.
Nota
The picture in H4 looks like this!Nota
Sorry, that was daily! :))
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