BITCOIN: “B” leg on going

BITCOIN: “B” leg on going
December 28 20:49 2018 Print This Article

Impressive. As forecasted, BITCOIN rebounded on 61.8 FIBO level and it raised up with a sustained speed in last 7 hours.

The 5-3-5 Zigzag correction seems to fit well with the current path so, it would not be weird to start a downwards 5-wave cycle movement in the coming hours.

Within the red “B” leg you can see 3 sub-waves (ABC) in violet. Watching the 1-hour chart can help us now to identify the evolution of these 3 waves. I would expect a small hesitance correcting in Violet “B” and the final Violet “C” ending the “B” red Leg…

Take in mind that this is only an assumption Count, there may be alternatives… for instance, if the Violet “C” is longer than the Violet “A” that would mean the invalidation of the count, especially if it reaches the last peak or high…Essentially it would be an amazing confirmation of reversal…

…but this is so unlikely now. As I said, my first count is ABC 5-3-5 ZIG-ZAG correction, currently working on the “B” Leg.

That “C” level must be around 3268 USD which is correspondent to 78.6% FIBO level.

Take care.

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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Too Fast Eddie
Too Fast Eddie

Superconducting Engineer working for the development of the Fusion Energy, Dad, Crypto-Enthusiast and Runner addicted. I am in a "Continuous Learning Mode" as well I am always willing to share my knowledge about the fields and topics related with trading, Cryptocurrencies, Blockchain technologies and Sports, in particular Running and Athletics.

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