BitcoinAlış
POSSIBLE SCENARIO if BITCOIN is still BULLISH!
Based on the chart, the impulse wave(12345) was completed. The price of bitcoin topped at $14,000.
After the massive surge, it completed the ABC correction wave. The price of bitcoin dropped from $ 14,000 to $7,400. This is good because it is a sign of a healthy upward trend.
Succeding the correction, a new impulse wave upward is forming.
Here, the 1st wave bounce was completed. It bounced from $7,400 to $9,650.
It was followed by a 2nd wave correction. The correction is from $9,650 to $8,400. It will probably be completed this week.
If the price of bitcoin holds perfectly at $8400-8500 range, the 3rd wave will be a massive pump from $8,400 to $16,700+.
Afterward, a wave 4 correction from the $16,700+ to S13,500-S14,000 level.
Lastly, the 5th wave is a pump to test the major resistance at $20,000+
Don't forget to set your stop loss at all times.
Follow me and Hit like if you learn something and for more updates!
Happy Trading! :)
Please do your own charting and research.
After the massive surge, it completed the ABC correction wave. The price of bitcoin dropped from $ 14,000 to $7,400. This is good because it is a sign of a healthy upward trend.
Succeding the correction, a new impulse wave upward is forming.
Here, the 1st wave bounce was completed. It bounced from $7,400 to $9,650.
It was followed by a 2nd wave correction. The correction is from $9,650 to $8,400. It will probably be completed this week.
If the price of bitcoin holds perfectly at $8400-8500 range, the 3rd wave will be a massive pump from $8,400 to $16,700+.
Afterward, a wave 4 correction from the $16,700+ to S13,500-S14,000 level.
Lastly, the 5th wave is a pump to test the major resistance at $20,000+
Don't forget to set your stop loss at all times.
Follow me and Hit like if you learn something and for more updates!
Happy Trading! :)
Please do your own charting and research.
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.