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BTC/USD RETRACE to 21.7K BEFORE FINAL PUMP ?
Bitcoin
Short
BTC/USD RETRACE to 21.7K BEFORE FINAL PUMP ?
By QuantApe
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Updated
Jan 29, 2023
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Jan 28, 2023
It seems BTC completed wave 3 and starting the corrective wave 4.
BTC may retrace to 21.7K area and possibly form a ABCDE pattern.
If ABCDE eventually give us a falling wedge. That could launch a final wave 5.
SHORT to 21.7
TP1: 21800
TP2: 21400
This pump cycle could end at wave 5 top: 25200
Happy trading!
Jan 29, 2023
Note
2023-1-29 updata:
It seems we are completing a ABC in WAVE B
Jan 29, 2023
Note
No, we are not coming down. The downward ABC is invalid.
It seems we just had a ABCDE corrective WAVE 4, AND we are starting a Wave 5 already. The price breaks the upper resistance line.
LONG!
TP: 25600
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