BTCUSD CMP: 24955
BTC has completed wave 4 (black color) - which is a triple three WXYXZ (blue color) type of correction - around 24770, which is also the top of Wave 1 (black color).
- Confirmed by internal wave counts of WXYXZ.
- Hourly TF shows positive RSI Divergence
- Hourly TF shows early indication of MACD crossover with MACD line crossing above signal line
- Hourly TF shows increased volume
One can go long from here for target of 30800 - 32300 - 34600.
SL should be daily close below 24800.
Trade active
1st Target of 30800 achieved.
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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.