We find ourselves currently in Wave B, having completed Wave A. According to the perfect zigzag correction, Wave B should conclude between the 0.5 and 0.618 Fibonacci levels. However, larger time frames suggest a possible extension of Wave B, potentially reaching the 0.786 level or even higher. For a detailed understanding of these projections, refer to my previous analysis in 'BTC: No Bearish Trend Before Reaching 42K'.
I've crafted a prediction for the trajectory of Wave B. The critical zone to watch is between 34500 and 36000. A breakthrough in this area would validate my forecast and increase the likelihood of a more extended Wave B.
Should we fail to breach this zone, it might signal a smaller Wave B. In either scenario, understanding these potential outcomes equips us to navigate the unpredictable seas of the market.
Remember, successful trading is about preparing for all possibilities, not predicting the future with absolute certainty.
Stay tuned for more updates as we continue to ride these exciting market waves!
I've crafted a prediction for the trajectory of Wave B. The critical zone to watch is between 34500 and 36000. A breakthrough in this area would validate my forecast and increase the likelihood of a more extended Wave B.
Should we fail to breach this zone, it might signal a smaller Wave B. In either scenario, understanding these potential outcomes equips us to navigate the unpredictable seas of the market.
Remember, successful trading is about preparing for all possibilities, not predicting the future with absolute certainty.
Stay tuned for more updates as we continue to ride these exciting market waves!
Trade closed: target reached
