Recent movement shows btc rejected on the trendline resistance of the connected ATH starting point of 2017.
Establish a Bullish Cypher from the previous cycle with main PRZ around 21k and Target extensions sitting at 98k~117k.
Starting point of 2022 ATL, establish a 5wave count uptrend.
Plot ABCD pattern where AB=CD around 98k, "C" retracement fib0.50 = "BC" extension fib2.0. If this pattern plays-out, TP1 could be aim at "C"=50k, following TPs at CD*1272/1618.
A Gravestone Doji has been printed on the monthly candle closing, next bearish pattern continuation for this will be an Evening Star.
On the otherside, a breakout of trendline and an extension of Wave5 could still be possible since current cycle carry the loads of ETFs.
Establish a Bullish Cypher from the previous cycle with main PRZ around 21k and Target extensions sitting at 98k~117k.
Starting point of 2022 ATL, establish a 5wave count uptrend.
Plot ABCD pattern where AB=CD around 98k, "C" retracement fib0.50 = "BC" extension fib2.0. If this pattern plays-out, TP1 could be aim at "C"=50k, following TPs at CD*1272/1618.
A Gravestone Doji has been printed on the monthly candle closing, next bearish pattern continuation for this will be an Evening Star.
On the otherside, a breakout of trendline and an extension of Wave5 could still be possible since current cycle carry the loads of ETFs.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.