I noted that recently Bitcoin had made several swings making lower highs and higher lows.
That is a solid sign of some consolidation. Bitcoin has been accumulating energy and is nearing a point where it will release that energy with a strong directional move as a squeezed spring.
I can count that consolidation as subwave (b) down shaped as an a-b-c-d-e triangle structure that looks having completed
That count allows bulls to produce a rally in subwave (c) up targeting over 50,000
That is a solid sign of some consolidation. Bitcoin has been accumulating energy and is nearing a point where it will release that energy with a strong directional move as a squeezed spring.
I can count that consolidation as subwave (b) down shaped as an a-b-c-d-e triangle structure that looks having completed
That count allows bulls to produce a rally in subwave (c) up targeting over 50,000
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.