Bitcoin price bounced after publishing CPI index and this favors a June month without FED changing the rate.
As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside.
Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules of alternation. Also we may have a B wave (red triangle) a triangle as you well know the B wave of a triangle is usually complex.
A break above 0.764-0.854 fib retracement, comparing C wave, will invalidated the triangle pattern. Also a break below AC (blue count) will invalidate the triangle pattern as I am expecting into this zone to turn down for E wave.
So after all I said we may still stay into this annoying consolidation a couple of days but the things are looking good if this count is correct.
Good luck and give a like if you like my analysis also follow me for future count updates.
As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside.
Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules of alternation. Also we may have a B wave (red triangle) a triangle as you well know the B wave of a triangle is usually complex.
A break above 0.764-0.854 fib retracement, comparing C wave, will invalidated the triangle pattern. Also a break below AC (blue count) will invalidate the triangle pattern as I am expecting into this zone to turn down for E wave.
So after all I said we may still stay into this annoying consolidation a couple of days but the things are looking good if this count is correct.
Good luck and give a like if you like my analysis also follow me for future count updates.
Not
Count invalidatedNot
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.