Speculation of BTC searching for possible wave entry 4
TA for BTC
Looking for possible entries to long and seeing a wave formation on a longer time frame view.
Wave entry 4 could be a very strategic entry for a long and with the current triangle formation getting close to breakout I am speculating a move higher in a medium to short term with potential next leg up to another ATH. I feel some more sideways action is due ATM and that a very like blast off would be when the rising 200 EMA and MP meet in the current trends and patterns. Its been some time since we touched the 200 and from experience most major move on a longer prospective generally build from this area.
OFC dangerous areas to this speculation failing would be MP breaking down through trends and supports listed in TA with a worse case scenario of BTC MP going under the 200 EMA.
Ultimately I am bullish here and waiting for the right entry.
Looking for possible entries to long and seeing a wave formation on a longer time frame view.
Wave entry 4 could be a very strategic entry for a long and with the current triangle formation getting close to breakout I am speculating a move higher in a medium to short term with potential next leg up to another ATH. I feel some more sideways action is due ATM and that a very like blast off would be when the rising 200 EMA and MP meet in the current trends and patterns. Its been some time since we touched the 200 and from experience most major move on a longer prospective generally build from this area.
OFC dangerous areas to this speculation failing would be MP breaking down through trends and supports listed in TA with a worse case scenario of BTC MP going under the 200 EMA.
Ultimately I am bullish here and waiting for the right entry.
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