BTC managed to be held above the trendline.Check the last few days price action of BTC.It touched the trendline and bounced back to breakout off the wedge formed.Then the top level of the wedge was retested and it bounced back again.This looks like the end of wave C.Check the wave counts.So what next?
Case 1
If BTC manages to break $10600 we can expect an upward run to $14850 or above
Case 2
If it fails to break $10600 it will start accumulating by moving sideways.After the accumulation the final impulsive wave will be played out.
Targets (Considering case 1)
$9000
$11700
$14850
$20250
$28000
Case 1
If BTC manages to break $10600 we can expect an upward run to $14850 or above
Case 2
If it fails to break $10600 it will start accumulating by moving sideways.After the accumulation the final impulsive wave will be played out.
Targets (Considering case 1)
$9000
$11700
$14850
$20250
$28000
Trade active
Breakout from the bull flag..Moving towards target
Note
Trade active
Reached 1st TargetNote
Trading channel
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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.
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.