BitcoinLong
BTC Falling Wedge Daily Break Out
Updated
BTC Breaks out on a daily candle close of the falling wedge it has been in for weeks. The weekly is currently fighting its way back above the 200MA. This could be the move that goes back up to 31K. Wait for the re-test of the structure then go long to 31K.
I will only be taking partial profits at 31K as i believe the real target for the weekly 5 wave Elliot impulsive move is 34K before we go into an ABC correction. See my related ideas. 24K was the .50FIB and the previous weekly high set back in January.
I will only be taking partial profits at 31K as i believe the real target for the weekly 5 wave Elliot impulsive move is 34K before we go into an ABC correction. See my related ideas. 24K was the .50FIB and the previous weekly high set back in January.
Note
BTC Breaking out, next stop is the neck line.
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