BitcoinLong
Bitcoin - Bull target is clear
Looking at this chart and seeing the two channels we could possibly be taking (yellow - bearish) (blue - bullish) it seems clear to me what the bulls have in mind for the next target. It happens to be the recovery-high of our swing from February - March (11500).
This low swing is a pullback to consolidate and gain more momentum to push higher. MACD is starting to cross bullish and the RSI is getting ready to bottom out on the daily. I expect to see a nice reversal soon and we'll have completed the 1-2 of the elliott wave count.
Personal opinion, as always. I'm no trading expert!
$11500 here we come!
This low swing is a pullback to consolidate and gain more momentum to push higher. MACD is starting to cross bullish and the RSI is getting ready to bottom out on the daily. I expect to see a nice reversal soon and we'll have completed the 1-2 of the elliott wave count.
Personal opinion, as always. I'm no trading expert!
$11500 here we come!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.