Enjoy the shortterm bull run towards ATH.
This study is based on the Intermediate Degree, on the Daily chart.
a) Uptrending Corrective Wave [B] will hit TP of $42.7k early Feb.
If
BTC doesn't hit or break ATH, it's a signal for another dip.
But if it breaks ATH, then it's a double-edged sword, where it can continue appreciating. If this occurs, wait on the sidelines until more confirmation of price action is received.
b) Downtrending Corrective Wave [C] will hit TP of $27.4k late Feb.
Buy the dip.
This study is based on the Intermediate Degree, on the Daily chart.
a) Uptrending Corrective Wave [B] will hit TP of $42.7k early Feb.
If
BTC doesn't hit or break ATH, it's a signal for another dip. But if it breaks ATH, then it's a double-edged sword, where it can continue appreciating. If this occurs, wait on the sidelines until more confirmation of price action is received.
b) Downtrending Corrective Wave [C] will hit TP of $27.4k late Feb.
Buy the dip.
Note
New BTCUSD study uploaded, thanks to a Black Swan.So Tesla's $1.5B purchase gave us brand new insights into #Bitcoin's performance.It was anticipated that there was a slight chance that it might break resistance and drive up and away from previous ATH.
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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.