Impulsive move higher off double bottom made around $8.4k, 50% retrace off wave 1, and 200DMA signals the end to the ABC corrective pattern on the 2nd wave. 3rd wave targeting the 161.8% -> 261.8% region gives us a target of ~$18k. This in a large bull wave cycle (5th wave up) targeting new highs around $30k. Parallel between the 3rd wave up may be too insane a climb, but nothing ruled out in crypto space. Negative news cycle seems to have subsided, project completions in Alts & any significant shifts from policing cryptos will give impetus to this climb
تعليق:
