ENG: Potential Breakout Imminent

Observations

• ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory.
  
• Impulse wave anticipated with wedge formation on Wave 2.
  
• If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves.
  
• If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead.
  
• Target price points are 50000 and 62000 satoshi respectively if breakout upwards is confirmed.
  
• Wave projections do not indicate time at which price targets would be met.
  

Disclaimer
For informational purposes only and not deemed as financial advice