Luckyjimbob111

Is BTC Bullish again?

Long
BITSTAMP:BTCUSD   Bitcoin
Ok so we broke out of the triangle to the upside not really my primary expectation. However BTC loves to do the opposite of what we are preparing for :). If this really is the bottom and we are going to move up impulsively we can already count a 1 2 pattern and 3 waves up in a wave 3 in sub waves. We still need a 4 down and 5 up! Looks like we have started wave 4. Price targets $19463 is the 50% fib would be ideal. Then we can focus on higher prices on wave 5 approximately to $20800 to 23k depending on where wave 4 finishes. If we go below the 50% fib the next support is 0.618 at $19245. If we go below this I would question if this wasn't just a C wave up before we go down impulsively in 5 waves to 17k

ARE YOU BULLISH OR BEARISH ON BTC RIGHT NOW?
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.