Bitcoin still in wave 5 or a Cycle already completed

Hello guys, this is dual view type of analysis where I focus much on wave count and potential Bullish BAt formation.

Presently looking towards Two Scenario, either we have already completed a wave cycle on the impulsive side or we are still on the run for last leg of the cycle which give us wave 5.

Now let break them down so as to know the specific action to take.

Right now price is trapped inside a flag like structure which ranges between 9000$ and 12000$.

By virtue of this range a break above or below any of the range pave way for next direction.

If price break above 12k that signal and will trigger a Bullish flag formation with target pointed to 21k.

Moreover, a break below 9000$ will trigger a correction(BAT like pattern) which mean a completion of wave cycle in an uptrend direction then we go down with target pointing at 4350$.

TRADING PLAN:
Personal I took the side of the Bull with an attempt to long towards my Buy back zone on the chart with stop loss target towards break of 9000$.

I hope this little analysis will assist someone in making profitable decision.

Do remember to leave me likes to encourage me for more updates.

Thanks

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Flag formation continues with price holding flag range till we reach final leg of the flags.

In addition to this we have potential ISHS in the making also.

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Flag formation still in progress. Keep an eyes on our buy back zone to long on BTC.

Accumulate within the range.

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still waiting for a re-test on 10k zone before laddering long

تم فتح الصفقة:

In view on Bullish Flag formation

Formation of flag in progress.
Expecting reversal from here or if we go more down maximum drop will not exceed 9400$-9300$.

Flag range remain same as 9000$-12000$

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Immediate target achieved

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