Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT!
- Bitcoin is absolutely prepared for an explosive move, with a high probability of success.
- As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside!
- Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much.
- We have a first wave as a leading diagonal and I presume this makes sense from the time perspective.
- The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks.
- The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar.
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Note
My second Elliott Wave bullish count without the ABCDE triangle.
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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.