Bitcoin moving in Correction wave on 15 mins chart
Bitcoin has completed 5 wave pattern yesterday when it attempted to clear 38K zone and now what looks like is it is moving in 3 wave correction pattern.
So it has already touched point A for ABC pattern and is heading towards Point B from where it will move to Point C.
Now there are two scenarios to it.
Scenario 1 - It bounces off at 35K zone and completes its correction wave pattern. 35% probability
Scenario 2 - It moves further to 34K zone and that where it will also touch 0.5 Fibonacci level. 65% probability
Next couple of days Bitcoin will move in stay in correction phase before heading for another impulsive wave
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Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
So it has already touched point A for ABC pattern and is heading towards Point B from where it will move to Point C.
Now there are two scenarios to it.
Scenario 1 - It bounces off at 35K zone and completes its correction wave pattern. 35% probability
Scenario 2 - It moves further to 34K zone and that where it will also touch 0.5 Fibonacci level. 65% probability
Next couple of days Bitcoin will move in stay in correction phase before heading for another impulsive wave
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
