BTC, very bullish outlook
Updated
As promised here is my interpretation of the Bitcoin chart using Elliot wave analysis.
The flag breakout is very close to the final confirmation with a break above 69400. We completed a first 1 - 2 setup at the 6th of September. The most likely case is, that we are in the third wave now, leading towards 80k, with a final target for this cycle around 88k.
If BTC will confirm this scenario tomorrow with a break above the mentioned 69400 level, there is no reason the test the flag again soon. First target is 73k to the the ATH.
The flag breakout is very close to the final confirmation with a break above 69400. We completed a first 1 - 2 setup at the 6th of September. The most likely case is, that we are in the third wave now, leading towards 80k, with a final target for this cycle around 88k.
If BTC will confirm this scenario tomorrow with a break above the mentioned 69400 level, there is no reason the test the flag again soon. First target is 73k to the the ATH.
Note
Breaking through the red line at 69500, looking very strong now.Trade closed: target reached
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