Look for Bitcoin to complete a drastic drop during Wave 4 of what seems to be a developing motive wave. With both Waves 1 and 3 having have an internal three-wave setup, it's all but confirmed that we're in a Leading Diagonal Wave (feel free to call it a Wedge if you'd like).
38 & 23 fib level area on your chart after touching 78 fib level (blue 4) is your invalidation? i mean is it going to be a good invalidation mine is to expect bearish continuation however i have some bullish whispers in my ta thanks for the chart
DigitalSurfTrading
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@reza_1515, as for the fib tool, I used it to size up the complete Wave 3 move (zig zag). Doing that helped me to find the 78.6 fib correction level. For this Wave form we’re in, 78.6 is the common retracement level. Invalidation at this point would be a new low under 29K.
mine is to expect bearish continuation however i have some bullish whispers in my ta
thanks for the chart