Get started
Bitcoin
Long

BTCUSD to 90K

By MVPMC
Updated
BTCUSD Will likely top out @ ~90K
  • Bearish cycle (12345) wedge was broken (A) and tested (B) with (ABC) correction to 0.5
  • Consolidation (WXY) around 0.618 of the bearish cycle
  • Breaking of the intermediary wedge and 0.5 of the bearish formation on (1) first impulse
  • Bottom of the bullish wedge touched (1) end
  • Testing of the intermediary wedge after breakout (2)
  • Breaking into the bullish wedge (3)
  • Bounce on 0.764 (4)
  • Limit testing upper side of the bullish wedge around 90K
  • (ABC) correction around 0.764 of the whole (12345) likely
  • Limit testing Lower side of the bullish wedge around 55K 0.618 of the (12345)


snapshot

✌️
Note
- Bounce on 0.618 (4)
- Limit testing upper side of the bullish wedge around 90-91K
- (ABC) correction around 0.764 of the whole (12345) likely
- Limit testing Lower side of the bullish wedge around 55-56K 0.618 of the (12345)
snapshot
90KBitcoin (Cryptocurrency)Chart PatternsfibspatternsTrend AnalysisWave Analysiswaves
MVPMC
MVPMC
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.