BTCUSD 4H Wave Analysis 1/5
Updated
1/2 Has hit the .618 retracement of it's wave at ~3549.35 (could go to 3444)
The 1.618 extension on 1/2 hits 5378.37
Near key level 5333.33
This takes us past 5280.48 which is the .618 retracement of the move down to the low of 3128.89
I expect 3 to end near these levels.
4 could hit anywhere between 4233 and 5K
Some key levels are 4444, 4623, 4870.
5 could only extend to the .618 extension of wave 3 (not pictured) or perhaps go 1:1/just past wave 3. @ 6478-6610
The 1.618 extension on 1/2 hits 5378.37
Near key level 5333.33
This takes us past 5280.48 which is the .618 retracement of the move down to the low of 3128.89
I expect 3 to end near these levels.
4 could hit anywhere between 4233 and 5K
Some key levels are 4444, 4623, 4870.
5 could only extend to the .618 extension of wave 3 (not pictured) or perhaps go 1:1/just past wave 3. @ 6478-6610
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