BTC seems to be forming a diametric pattern and wave f has completed.
We have most likely entered the wave g towards downside.
The targets of ~63,750 and 62,500 could be expected.
The study would need to revised above 65,750
Learning:
In Diametrics, the waves are similar in time but prices related by Fibonacci ratios
Currently, wave C = wave E
wave B = wave F and wave G could be equal to wave A.
So, a diametric is a preferred count as of now
Will keep you guys posted on future possibilities.
Happy Trading!
May the force be with you!
We have most likely entered the wave g towards downside.
The targets of ~63,750 and 62,500 could be expected.
The study would need to revised above 65,750
Learning:
In Diametrics, the waves are similar in time but prices related by Fibonacci ratios
Currently, wave C = wave E
wave B = wave F and wave G could be equal to wave A.
So, a diametric is a preferred count as of now
Will keep you guys posted on future possibilities.
Happy Trading!
May the force be with you!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.