CastAwayTrader

Bulls can push BTC to the 1st target at 64,500

Long
BITSTAMP:BTCUSD   Bitcoin
Overnight bitcoin tagged support of the Green Demand zone and turned back up strongly.
Bears are left with a corrective looking flat (a)-(b)-(c) down structure of wave ( iv ) down.
That is a good setup for bulls to produce a rally to the 1 st target at 64,500

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.