BitcoinUpdated BTC USD possible scenarios
I think we will reach 7050-7100 very soon almost certainly. The possible outcomes if we have a bull run are marked with red markers.
Ichimoku cloud is bearish (red) though, low volume. So I am not sure if the bottom we had was actually "the bottom". But, according to my Wolfe wave drawing, it was the bottom and we are supposed to have a nice run.
I think, this downtrend was a corrective wave 4 in Elliott waves and now we should have wave 5.
I am very new to trading, so please don't take my ideas as financial advice.
Ichimoku cloud is bearish (red) though, low volume. So I am not sure if the bottom we had was actually "the bottom". But, according to my Wolfe wave drawing, it was the bottom and we are supposed to have a nice run.
I think, this downtrend was a corrective wave 4 in Elliott waves and now we should have wave 5.
I am very new to trading, so please don't take my ideas as financial advice.
Note
Today thinking, we might have a run to 7900, it aligns with the triangle trend line, top of Ichimoku cloud and the dip of the previous double top.
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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.