If this is a triangle in progress as a B wave than C=0.618A will take BTC below $0. It really doesn't fit here imo. And triangle should go in the opposite direction as the main trend. Since main btc trend is up, E wave should be down.
RE: Bitcoin (BTC) Update: More at BitcoinLive!!
You are viewing a single comment's thread from:
Bitcoin (BTC) Update: More at BitcoinLive!!
this triangle would be broken out at D, ur right about abc relation, fibs don't fit...
the main trend will always be up, since we do 5 steps forward and 3 back, here we are definately in a correction on bigger pic from ath, if you take start of parabolic jump in 2015 to ath, 786 fib is around 4.3k - 4.5k...
also not sure if B is traingle, that this fib relation a to c still expected to be normal...
w2 from ath could very well be a deep one, as often the deep wave 2 is like the end of the world...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit