Our recent Bitcoin analysis didn't go accordingly and the pattern changed. It appears we are in a zigzag ABC formation and currently in the C wave heading towards the 49K.
Bitcoin rejected the area between 618 and 78.6 fibonacci and we saw a trendline break - indicating bullish momentum.
Trade Idea:
- Watch lower timeframe corrections and enter
- Safe stops below the recent lows but aggressive SL can be used below lower timeframe corrections
- Targets: 46k, 49k
Goodluck!
Bitcoin rejected the area between 618 and 78.6 fibonacci and we saw a trendline break - indicating bullish momentum.
Trade Idea:
- Watch lower timeframe corrections and enter
- Safe stops below the recent lows but aggressive SL can be used below lower timeframe corrections
- Targets: 46k, 49k
Goodluck!