BTC - Breakout? (1 Hour) Wave & Fibonacci

remains a STRONG BUY!

Analysis Method: Fibonacci & Wave Theory

1 Hour Chart Shows a Primary Wave Sequence with an ABC correction.

Note that the Primary Wave didn't retrace to the 'normal' .618 level.

See related idea for further analysis.

Will update.

-AB

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Note we have been in a correction for approx. 15 Hours.

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Wave Theory: Another important clue that you can keep in mind is this, Compute the time and distance traveled by both the waves 2 and 4 of the lower degree. Then, your zigzag correction will be bigger in size and take longer time than the bigger of waves 2 and 4. For example, suppose wave 2 traveled 50 pips and took 3 hours, whereas wave 4 traveled 25 pips and took 5 hours. In this case, your zigzag correction will take more than 5 hours and will travel more than 50 pips.

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1 Hour Chart

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Fib Time Marker Added

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We should see a strong breakout in the next 2 hours and 45 minutes...

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Little longer than anticipated but still looking to break out...

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Bitcoin is the single biggest threat to the Fiat “Status Quo”.

What did every Big Bank CEO call Bitcoin?

Worthless. Scam. Fake.

Why?

Prediction: In the very near future, you will not need a bank.

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