Bitcoin Attempt to Bullish Reversal
Updated
After the sharp drop from my previously published idea, Bitcoin is now attempting to create an impulse; If a successful retracement for wave 2 is accomplished we should expect a 3rd wave rally towards 65k levels breaking the B wave and confirming the termination of the corrective pattern, to further support this reversal Idea bullish divergences can be observed on the hourly time frames, which gives a higher probability for the upcoming rally.
Trade closed: target reached
Bitcoin managed to push thru the bullish reversal confirmation, I am now waiting for a retracement before another very impulsive move up.
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