Hello dears!
Today we will analyze all aspects of bitcoin for the medium term
The growth from December 17 to $ 1000 consists of 5 waves (wave 3-triple zigzag), after which the fall is also a 5-wave structure(December 24-28)
Correction from 27-9 January - double zigzag ABC, where the wave B-tapering triangle(each subsequent is 0.618 Fibonacci)
Wave C-5 wave structure
Now we are in a bearish mood
The structure of the fall - 12345
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Sales options
The end of the 4 correction wave is possible at two levels(or 4 zigzag wave, or ABC triangle)
Fibonacci-correction waves go to the levels of 0,236 0,382
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A break of the support level is confirmation of the beginning of the 5th wave
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Purchase options
attitude 1/5 wave=1/1.618
The difference between the projection of the price of waves a and C is measured in 15 000, the lower zone-support
The ratio of angles of 24 degrees gives us a trend line
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Today we will analyze all aspects of bitcoin for the medium term
The growth from December 17 to $ 1000 consists of 5 waves (wave 3-triple zigzag), after which the fall is also a 5-wave structure(December 24-28)
Correction from 27-9 January - double zigzag ABC, where the wave B-tapering triangle(each subsequent is 0.618 Fibonacci)
Wave C-5 wave structure
Now we are in a bearish mood
The structure of the fall - 12345
----------------------------------
Sales options
Fibonacci-correction waves go to the levels of 0,236 0,382
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Purchase options
The difference between the projection of the price of waves a and C is measured in 15 000, the lower zone-support
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