BTCUSD - Bulls taking back control for a while
So, bulls have manged to take control and make a stand, but it´s a long way to go back to a steady up-trend.
Analysis:
- Long-term down-trend resistance has been broken (good sign).
- Falling wedge reversal pattern confirmed, so we can expect its target (11-12k approx.) at least.
- As for medium-term, we need to step back to 2014 and see that a broken long-term resistance isn't victory. The target (if reached) will be a good moment to review T.A.
- Waves analysis indicates a 5 impulse almost ending, so we can expect some pullback.
Good luck to all!
Analysis:
- Long-term down-trend resistance has been broken (good sign).
- Falling wedge reversal pattern confirmed, so we can expect its target (11-12k approx.) at least.
- As for medium-term, we need to step back to 2014 and see that a broken long-term resistance isn't victory. The target (if reached) will be a good moment to review T.A.
- Waves analysis indicates a 5 impulse almost ending, so we can expect some pullback.
Good luck to all!
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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.