InvestMate|Bitcoin, 3rd wave coming, increases?ðē
āļāļĩāđāļāļąāļāđāļāļ:
ðēBitcoin, 3rd wave coming, increases?
ðēThis post is a direct continuation of my previous posts on Bitcoin.
ðēLooking at the chart we can see that it is in a strong support zone which has repeatedly protected against declines.
ðēAs we can see by the sequence of waves about the bottom we have already made wave 1 and wave 2. If we were to continue rising it would be time for a 3rd wave. The most abundant one with increases.
ðēIn order to find a target for the completion of the 3rd wave, I used the fibo measurement from peak to bottom and from the peak of the largest upward wave after the bottom. I determined the zone based on a cluster of levels at 0.618 and 1.618.
ðēThe scenario that I am playing out is the continuation of the uptrend and the execution of the 3rd wave that will bring growth to the area of 19.5k.
ðē*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðēThis post is a direct continuation of my previous posts on Bitcoin.
ðēLooking at the chart we can see that it is in a strong support zone which has repeatedly protected against declines.
ðēAs we can see by the sequence of waves about the bottom we have already made wave 1 and wave 2. If we were to continue rising it would be time for a 3rd wave. The most abundant one with increases.
ðēIn order to find a target for the completion of the 3rd wave, I used the fibo measurement from peak to bottom and from the peak of the largest upward wave after the bottom. I determined the zone based on a cluster of levels at 0.618 and 1.618.
ðēThe scenario that I am playing out is the continuation of the uptrend and the execution of the 3rd wave that will bring growth to the area of 19.5k.
ðē*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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