BTCUSD to 90K
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)
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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)
MVPMC
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