CastAwayTrader

Bulls have a setup to drive Bitcoin over 50,000

Panjang
BITSTAMP:BTCUSD   Bitcoin
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

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.