Further updates on Bitcoin's H4 trend:
Bitcoin has just completed 11 waves of the FLAT correction wave in the H4 frame.
Currently, a bottom has been created at $60,000
Looking at the H4 frame, we can see that Bitcoin has just continued the first 3 beats of its 5 growth beats. The TenKan and Kijun lines both intersect and the upward trend is in the ichimoku cloud area, signaling a new weak trend forming in the cloud.
Forecast
Bitcoin will continue for 6 beats including 3 main uptrends and 3 correction beats to the 72000 area and down to the 65000 area as shown on the chart, then return to its main wave in the 84000 area and higher.
Please set sl for your account trading. Wishing you successful trading!
Bitcoin has just completed 11 waves of the FLAT correction wave in the H4 frame.
Currently, a bottom has been created at $60,000
Looking at the H4 frame, we can see that Bitcoin has just continued the first 3 beats of its 5 growth beats. The TenKan and Kijun lines both intersect and the upward trend is in the ichimoku cloud area, signaling a new weak trend forming in the cloud.
Forecast
Bitcoin will continue for 6 beats including 3 main uptrends and 3 correction beats to the 72000 area and down to the 65000 area as shown on the chart, then return to its main wave in the 84000 area and higher.
Please set sl for your account trading. Wishing you successful trading!