BTC/USD 1day Chart Analysis
Updated
I believe we have one more upward impulse wave left before a correction.
Price action has been very bullish in the past few days.
I believe it was the 3rd wave of the upward impule.
The bullish momentum has been strong so I suppose price will find support at 0.236 or 0.382 Fibonacci retracement levels.
Price had retraced at this range(yellow circled area) when it was falling late May to early June.
There's a high possibility that price will mirror this action as it has done in the inverted H&S pattern over the past month.
I will update this post when we've found support and start to move upward again.
Price action has been very bullish in the past few days.
I believe it was the 3rd wave of the upward impule.
The bullish momentum has been strong so I suppose price will find support at 0.236 or 0.382 Fibonacci retracement levels.
Price had retraced at this range(yellow circled area) when it was falling late May to early June.
There's a high possibility that price will mirror this action as it has done in the inverted H&S pattern over the past month.
I will update this post when we've found support and start to move upward again.
Trade closed: target reached
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