Bitcoin Update #04 - Let the Morning Star guide you!
Hi, today we are going to talk more Bitcoin and its current landscape.
We identified a morning star pattern at the daily chart, a strong defense indicator, and the bulls supremacy in the short term. With the possible ending of the corrective movement, ABC of Elliott and with the confirmation of this setup of resumption of the optimism gave by the Morning Star we can expect a valorization until the $12.000,00 price level, where BTC it's going to decide his destiny. If such corrective movement is wholly consumed in 61% of the retracement ABC, we are going to have an annulation of the Shooting Star pattern at the weekly chart and the continuation of the bull run on the long term.
Thank you for reading and leave your comments if you like.
We identified a morning star pattern at the daily chart, a strong defense indicator, and the bulls supremacy in the short term. With the possible ending of the corrective movement, ABC of Elliott and with the confirmation of this setup of resumption of the optimism gave by the Morning Star we can expect a valorization until the $12.000,00 price level, where BTC it's going to decide his destiny. If such corrective movement is wholly consumed in 61% of the retracement ABC, we are going to have an annulation of the Shooting Star pattern at the weekly chart and the continuation of the bull run on the long term.
Thank you for reading and leave your comments if you like.
Trade closed: target reached
The pattern image link is above. Thank you for your participation!