In Short Term BTC is Bullish
Updated
In our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now. Next week, we'll update this chart again.
Note
As we had predicted BTC is now doing Wave (4) in Black.The Daly chart is quite consistent
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- As we can see in the chart, BTC is now doing the wave 5 in blue and finishing the wave (1) in black.
- Around $31,500 ~ $32,000 BTC will find sellers.
- We expect a correction ABC from that level to $25,000 ~ $26,000
- As you can see in the orange circle area wave (2) in black and this area can be a good edging buy area
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Technical Information:
We've updated the chart because BTC is still doing wave (4) in blue and not wave (5) as mentioned in last chart
Technical Analysis:
- H1 & H4 Right Side are Turning Up
- Around $30,000 ~ $31,000 BTC can find sellers.
- If you want to buy in wave (4) in blue you need to put a stop-loss around $25,000
- Now the edging buy area with completed wave ((2)) in black is around $21,000~$22,000
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Technical Analysis:
********** YOU CAN SEE OUR WEEKLY BTC FORECAST WAS VERY VERY RIGHT **********
- As shown in the last weekly chart, BTC is still doing a wave ((1)) in black
- Around $30,000 ~ $31,000 sellers will must appear
- The hedging buy area is with complete wave ((2)) in black around $23,000
- H1 & H4 Right Side are Turning Up
Technical Information:
- Wait for the correction to be completed in the wave ((2)) in order to be long
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