Long

Updated

Done with correction (1h candlestick)

Btc completed correction at these levels looking for bullish continuation from here.

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23,000$ is our short term target.

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Watching for 15500$ to hold

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if 15500$ doesn't hold 13000$ is the next major support and we will bounce there. (if support breaks target is still 23000$)

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( wave count if 15500$ breaks)

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Lets test that 15500$ level now! watch for a impulsive bounce

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original count was right 23000$ then 30000$ !

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( I can see that my first count was right because descending resistance at 16000 was broken )

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Clear bullish break on 5m

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I am aware of the potential head and shoulder formation and watching the neckline price of 14787$

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But with a ABC correction we are more likely to see continuation

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Previous bull flag fractal at 13214$ re tested the previous low before bouncing so unless that neckline at 14787$ breaks i'm bullish on bitcoin!

High_Altitude_Investing

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High_Altitude_Investing

Also on:

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.