According to Elliott Waves , bitcoin can move towards the 59000$ target after completing Wave 2 Correction.
Note that under the corrective conditions, different scenarios are possible in Elliott waves , and we will review all scenarios if necessary.
Now, by hitting the 1-hour timeframe trend line , we can have the possibility of correction to support and then growth.
We can wait for a safe entry until the break of the downtrend line in the 4-hour timeframe. Level 53700 is an important resistance level , which, if broken, could strengthen the bit bullish scenario.
Note that there is always an opportunity in the market, so consider all the conditions to enter the trade.
Be profitable
Note that under the corrective conditions, different scenarios are possible in Elliott waves , and we will review all scenarios if necessary.
Now, by hitting the 1-hour timeframe trend line , we can have the possibility of correction to support and then growth.
We can wait for a safe entry until the break of the downtrend line in the 4-hour timeframe. Level 53700 is an important resistance level , which, if broken, could strengthen the bit bullish scenario.
Note that there is always an opportunity in the market, so consider all the conditions to enter the trade.
Be profitable
