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Bitcoin approaching end of Fibonacci cycle - Elliott Wave Analysis

Bitcoin approaching end of Fibonacci cycle - Elliott Wave Analysis
Gregor HorvatGregor HorvatWavetraders

Traders, end of September is approaching, so we have to remind ourselves on Fibonacci cycles on BTUSD daily chart. As you know, so far each leg had been structured by Fibonacci number of bars, so we are wondering if current sideways move will also be resolved soon, after 89 days to be precise.

BTCUSD Daily-Fibonacci cycles

Bitcoin

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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