BitcoinUpdated BTC Monthly
According to this monthly chart, wave II of major cycle 1-5 should end in June 2021 - at the latest.
Then wave 3 would follow, with just over 16500 points.
In this case, wave 3 should be at least the length of the blue A (16544 P).
A closing price on a monthly basis above 9444 would speak for a somewhat longer red a of I, nevertheless we should again see the price around 6430 or 0.618% of the red a = 6363.
In the worst case, 5878 & 5402 (0.764% of the red a) could also be considered.
Then wave 3 would follow, with just over 16500 points.
In this case, wave 3 should be at least the length of the blue A (16544 P).
A closing price on a monthly basis above 9444 would speak for a somewhat longer red a of I, nevertheless we should again see the price around 6430 or 0.618% of the red a = 6363.
In the worst case, 5878 & 5402 (0.764% of the red a) could also be considered.
Note
The picture in H4 looks like this!Note
Sorry, that was daily! :))
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.