mk_trader

BTCEUR Prospects and levels - the big picture

COINBASE:BTCEUR   Bitcoin / Euro
131 1 3
Long term to short term EW count and levels (kudos to GoldBug1). On the greater scale, EW count paired with Fibonacci levels show possible retracement of wave 3 (red) little below 5900 level.

EW count on the larger scale reveals itself, but it is harder to do smaller fractals as retracements are small in size and time frame so it seems that W3 (purple) is 3.618 extension of W1 (purple)
I agree with your wave count but I could see a deeper retracement. Potentially the .382 but this market has its own ideas.
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