đź”±BTC Current View
Updated
BTC broke out of its rising wedge and has filled out some heavy demand around the mid 32000 area.
We can expect to see a retracement as demand keeps getting filled.
Trend to 37 - 38k is likely here. More interest for crypto is growing. We can not rule out that whales and institutions will take supply and profit off the retail flock coming in!
There is a chance to see 40,000 zone if the supply chain reaction does not occurs. BTC still has some time to figure out its path in my view.
There are new institutions & potential whales trying to invest in crypto! They most likely will wait for a premium demand zone, in this cane 25,000 - 28,000.
Please like & Share this idea if you agree !! <3
We can expect to see a retracement as demand keeps getting filled.
Trend to 37 - 38k is likely here. More interest for crypto is growing. We can not rule out that whales and institutions will take supply and profit off the retail flock coming in!
There is a chance to see 40,000 zone if the supply chain reaction does not occurs. BTC still has some time to figure out its path in my view.
There are new institutions & potential whales trying to invest in crypto! They most likely will wait for a premium demand zone, in this cane 25,000 - 28,000.
Please like & Share this idea if you agree !! <3
Trade active
Entry: 32980TP: 35,37,42k
Note
Possibility : Note
Adam & Eve formation played out: Note
Possible minor Elliott correction wave. Must see solid consolidation above 38000 area.Note
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