Investors say bitcoin’s movement coincided with hundreds of millions of dollars in options expiries on Friday. They also pointed to Fed Chair Jerome Powell’s dovish Jackson Hole, Wyoming, speech, suggesting that bitcoin is seeing a catch-up trade as most other assets reacted at the time except for bitcoin.
- BAT is forming IH&S pattern.
- This whole move up can be ABC correction and currently its in Wave B.
Or this could be start of new impulse wave and currently its in wave 2.
I'm waiting for Neckline to break, will long on retest of neckline.