We are now at a critical point in our analysis. We are almost at the extremes of the parameters where Bitcoin can fall.
Major Waves - Circled waves
Subwaves - Bracketed waves
In our analysis, we are still within the major wave 3 (which is made up of 5 subwaves). We are on the 4th subwave correction, which is an 3-3-5 ABC flat correction. We're anticipating price to stay above the blue structure and start its 5th major wave.
Trade Idea:
- Watch for bullish pressure above 13.5k
- Invalidation level is below 13K
- For further confirmation, watch for the descending trendline to break
- Targets: 64k, 80k and 100k
Goodluck and as always, trade safe!
Major Waves - Circled waves
Subwaves - Bracketed waves
In our analysis, we are still within the major wave 3 (which is made up of 5 subwaves). We are on the 4th subwave correction, which is an 3-3-5 ABC flat correction. We're anticipating price to stay above the blue structure and start its 5th major wave.
Trade Idea:
- Watch for bullish pressure above 13.5k
- Invalidation level is below 13K
- For further confirmation, watch for the descending trendline to break
- Targets: 64k, 80k and 100k
Goodluck and as always, trade safe!
Note
2D ChartNote
See our previous post on Bitcoin 
Note
Boom!Note
Note
New Bitcoin Analysis! 
Note
BITCOIN HEADING BELOW 20K??
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Disclaimer
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.