Bitcoin (BTCUSD): Bullish Case For New All-Time High for BITSTAMP:BTCUSD by Nickonomics

Bitcoin (BTCUSD): Bullish Case For New All-Time High

In my previous idea I warned against selling bitcoin unless it breaks below the key support @5420. I also pointed out that there is still possibility for another all-time high under extended 3rd wave scenario. This scenario is outlined on the chart. The break of $5500 should serve as a stop loss.

Note

Detailed chart:

Note

And the alternate, reversal scenario:

Note

So far, so good. Such a clean entry from the 'Buy Zone'.

Note

Meanwhile, price has hit the main target which is confluence of two pitchforks. I'm not very bullish at this point.

Nickonomics

Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot

Also on:

Nickonomics

Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot

Also on:

Related publications

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.