Bitcoin - Price Appreciation Underway
Updated
Bitcoin rising to a higher-high resolves the prior minor wave forms into an irregular expanded flat correction, completing an atypical Wave 4 to now be in the throws of tracing out a Wave 5.
Consistent with the market structure outlined in my post from Jan 25.
What do you think? Is Bitcoin commencing a minor Wave 5 for another rally to higher highs, or are the poor Nigerians and other people around the world suffering under inflation (currency devaluation) seeking an independent store of value not going to have any effect on Bitcoin's price?
Consistent with the market structure outlined in my post from Jan 25.
What do you think? Is Bitcoin commencing a minor Wave 5 for another rally to higher highs, or are the poor Nigerians and other people around the world suffering under inflation (currency devaluation) seeking an independent store of value not going to have any effect on Bitcoin's price?
Note
And so far looking good. A drop down into my correction zone and I expect a sustained rally to new highs from here. I feel this is a significant pivot on the path back to the low to mid-30k zone.
Related publications
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.