Bitcoin (BTCUSD): Bullish Case For New All-Time High
In my previous idea I warned against selling bitcoin unless it breaks below the key support @5420. I also pointed out that there is still possibility for another all-time high under extended 3rd wave scenario. This scenario is outlined on the chart. The break of $5500 should serve as a stop loss.
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Detailed chart:
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And the alternate, reversal scenario:
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So far, so good. Such a clean entry from the 'Buy Zone'.
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Meanwhile, price has hit the main target which is confluence of two pitchforks. I'm not very bullish at this point.
