Weekly elliot waves of Bitcoin suggests going to $100,000. Before you think it's a lot and bitcoin can never achieve that. It has moved more than 1000% since march 2020 and $100,000 is just another 100% odd move from here. One correction is expected on the way. More on the future path and alternates and best entry point for long and short term trades will be...
Correction is for buying as long as 47000 is not violated.
Accumulate at 50600-49600
Expect pullback to retracement levels as shown in the 4 hour chart
1) Long if it comes at discount.
2) Potential trend reversal happening at 15 minutes level.
3) Inside a ranging area.
4) CMP to enter the position: 50120.
SL : 49700.
TP1 : 50450
TP2 : 51000
LOOKS WEEK AND FOLLOWING DOWNTREND- SHORT AT CURRENT LEVELS T-1- 47 k, T-2- 43 K
LONG ONLY IF THE TREND LINE IS BROKEN WITH VOLUME IN DAILY TIME FRAME RESISTANCE 52 K
BITSTAMP:BTCUSD
first short side trade till current harmonic patters PRZ level. and ones you get reversal from that PRZ one can long from that level with stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before...
