Bitcoin is in a WXYXZ correction right now. Currently bitcoin is still in the Z wave correction. The A has completed. Now its forming the B wave up. Once the B wave tops off there needs to be one last push down to complete the C wave to complete the WXYXZ. Once the correction is done I think bitcoin should go higher than 14k. The green line where the Z wave completes is where the 200 weekly SMA will be. If it does hit the 200 weekly SMA it will be a great buy.
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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.