Decently bought up wick on the current 4hr candle. If BTC holds above the median there, could potentially continue into new highs for the year.
I could see BTC repeating the previous fractal from 42k->64k Would be good to see the Wave Trend indicator flash some positive signals, but we could see some sideways consolidation like we did previously. Could see downside up to 10% more, to around 54k or so if the fractal repeats to the T, which has happened before. RSI matches up decently, as well.
What's up guys. hope everyone's trades are going well. We reached the initial level we drew out in my previously published idea. Hopefully some of you took profits at the top to be able to nail a nice swing. We got 5 wave trend long signals instead of 3, so it took quite a bit longer than I expected at first. I now expect only a slight pullback just to test...
This is TA based on the WaveTrend with Crosses by James_Bl The numbers indicate a long signal with said indicator. During this bullish push by BTC, it has moved by 16% or more when three of these occur in close succession (measuring from the bottom of the 1 candle, to the next “1” bottom) If we potentially see a 3rd candle play out, the trend could continue up...