Hi traders, last week we saw nice drop on bitcoin, but price later made pullback to form buy impulse. Higher timeframe is showing that price is loosing bearish momentum. Price is already making correction, so im waiting for that C wave to complete since we already have A and B wave in that bullish flag. So wait for price to bounce from 0.618 or 0.786. I dont think that this buy will be longterm since we still have 4h sell impulse there, so i believe that this buy will just complete sell correction for one more drop, so my target will be around 35.000. I will post picture below. Stay patient
Note
4h sell impulse there, and price is now making B wave, so that buy which is expected will be C wave of that sell structure
Note
Price is pushing higher, wait for correction too add
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.