if it plays out -
Check the updated black wave 12345. with wave 3 = wave 1, wave 5 would be at trend fib @ 2.618 (target at the blue line price 941sats)
I updated the blue arrow (sub waves of black extended wave 5):
- if first 2 small tops formed as shown in the chart, then it is counted as wave 1
- wave 3 @ 1.618 retracing @ 0.382, expecting corrective abc, then heading for wave 5 @ 1.618 to complete trend wave target @ 2.618
Check the updated black wave 12345. with wave 3 = wave 1, wave 5 would be at trend fib @ 2.618 (target at the blue line price 941sats)
I updated the blue arrow (sub waves of black extended wave 5):
- if first 2 small tops formed as shown in the chart, then it is counted as wave 1
- wave 3 @ 1.618 retracing @ 0.382, expecting corrective abc, then heading for wave 5 @ 1.618 to complete trend wave target @ 2.618
idea of IOSTBTC will be udpated in the chart below, follow there: