BitcoinAlış
Can BTC break the 4400?
Dear fellow traders,
BTC broke out the old channel (red lines) end november. Will BTC get back in the channel?
- Strong bounce at 3k all the way up to 4200 - 4300. It was obvious btc couldn't break the major resistance (red line around 4400) so easily without a proper correction.
- As you can see on the chart BTC is now at the end of the C leg of a expanded flat correction.
- Wave 3 could bring us all the way up to 5600. Also the target of the bearish cypher pattern.
- If the target of 5600 is reached i think it will correct down to point B of the cypher pattern and also testing the lower line of the old channel.
- Wave 5 could bring us to 6k+.
Good luck trading!
BTC broke out the old channel (red lines) end november. Will BTC get back in the channel?
- Strong bounce at 3k all the way up to 4200 - 4300. It was obvious btc couldn't break the major resistance (red line around 4400) so easily without a proper correction.
- As you can see on the chart BTC is now at the end of the C leg of a expanded flat correction.
- Wave 3 could bring us all the way up to 5600. Also the target of the bearish cypher pattern.
- If the target of 5600 is reached i think it will correct down to point B of the cypher pattern and also testing the lower line of the old channel.
- Wave 5 could bring us to 6k+.
Good luck trading!
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.