Seems like BTC is heading towards next Impulsive Wave
#Bitcoin has been on a road to recovery and going by the chart looks like BTC has already one impulsive and Correction wave.
Next wave is supposed to be the longest of all. So going by the rules BTC should create new ATH at 69K zone, followed by new ATH at 73K at wave 5.
On a smaller time frame, Bitcoin is currently moving in a symmetrical triangle. It has already touched point D and heading towards point E at around 53K zone.
If it managed to bounce off point E, then next destination should be Point 3 marked on the chart.
May be in couple of days we will have a clue as to where BTC is heading.
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Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Next wave is supposed to be the longest of all. So going by the rules BTC should create new ATH at 69K zone, followed by new ATH at 73K at wave 5.
On a smaller time frame, Bitcoin is currently moving in a symmetrical triangle. It has already touched point D and heading towards point E at around 53K zone.
If it managed to bounce off point E, then next destination should be Point 3 marked on the chart.
May be in couple of days we will have a clue as to where BTC is heading.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely