downward trend (short)
in my opinion Bitcoin is still in the main third wave (3-4)
support areas has been identified by the FIBONACCI RET and PIVOTs.
it is not clear what kind of correction pattern we will have.(flat or zigzag)
in the near future we will have a better idea of undrestanding of whether we are going to have (simple zigzag or ideal zigzag or flat)
here the assumption of a Ideal zigzag 5-3-5
what is clear in this pattern is that: after the completion of this correction wave, we will have an ascent waves on this specified range and then we will have a more Price correction.
good luck
support areas has been identified by the FIBONACCI RET and PIVOTs.
it is not clear what kind of correction pattern we will have.(flat or zigzag)
in the near future we will have a better idea of undrestanding of whether we are going to have (simple zigzag or ideal zigzag or flat)
here the assumption of a Ideal zigzag 5-3-5
what is clear in this pattern is that: after the completion of this correction wave, we will have an ascent waves on this specified range and then we will have a more Price correction.
good luck
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