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Strategies & Market Trends : Blockchain and Cryptocurrencies

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From: #Breeze11/17/2024 2:21:07 PM
1 Recommendation  Read Replies (1) of 7601
 
BTCUSD Big Picture Wave Count. In this count I'll focus on the monthly wave count.

Primary Wave (circle) 1 ended in 2021

PrImary Wave (circle) 2 ended in 2022.

Primary Wave (circle) 3 is in play. Its five waves I'll label as Intermediate Waves (1), (2), (3), (4) and (5). Intermediate Wave (1) is in play. It's on its final leg of completion.

Minor Wave 5 of Intermediate Wave (1) is in play. Typically the target is the 61.8% Fibonacci extension. Price is at the 76.4% extension. Next level is a 100% price extension. We'll know soon when Intermediate Wave (1) is complete.

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