BitcoinLong
Ascending triangle in Bitcoin broken; target $42400
The ascending triangle neckline was broken at $36250; the target for this move is now $36250 + ($36250-$30100) = $42400. The Elliot Wave is in a 3rd minor wave that should break 40K resistance soon. I believe after the target is met there may be a retest of 40K as support then a big move up toward 45K.
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.