Hello, my dear friends!
Last time I told you that Bitcoin should grow to $17200 before the crash. This pump is going to print wave C. Today we are going to consider the wave’s C underlying structure to reveal where the price can reverse.
Let’s take a look at the 1h time frame BTCUSDT chart of the WhiteBit exchange. I suppose that wave 3 has been finished becuase it has already reached the 1.61 Fibonacci extension level, the natural target. Moreover, the maximal Awesome Oscillator value corresponds to the wave 3 top.
Now BTC is forming the wave 4. The most likely target for this wave has been already reached at the 0.38 Fibonacci retracement level. After a short sideways move I expect the last leg up in the wave 5 before the anticipated crash. Wave 5 has two targets. The conservative one is the $17070, the positive one is $17245.
Best regards, Ivan
Trade on WhiteBIT! Use this link to register and receive 40% of trading commissions from your invited users!
