leichtsinnig8868

What's next in bitcoin after rallying for more than 40%

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC started it's upside from red wave C 1.236 projection level then started impulse movement although wave 1 was a leading diagonal triangle that's why I got the confirmation for wave 3 targets after wave 1st internal 5th crossed by straight move including multiple green candles rather than one or two big green candles. As we can see wave 3 extended to 2nd target 2.618 with 5 sub waves so we can expect a retracement to 21k-22k in wave 4 (between 0.236-0.382 retracement levels) and then we will move in final 5th wave to the upside.
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.