Bit coin corrected in a Primary level ABC correction . with wave B as a contracting running triangle . Now a new impulse seems to have started . It would be a good strategy to buy every dip . It may reach its previous glory . A triangle is one of the most potent structures in EW if one can identify it . This chart is full of triangles but they are clear in charts...
Hi Cryptianz,
Is really BTC is in Long Term Bullish?
As per MACD & Charts BTC started recovering its price but upto what level it'll recover?
As per my View BTC may recover between $10000 - $10250 Level.
Let us wait and see either it's Long Bullish or Bearish...
With the price action making an Inverse Head and Shoulder pattern in a time period of 13 days, and a Bullish Wolf Wave in time period of 38 days, it's very much clear with both targets coinciding and with the Volume factor in favor too, we can open for a long position with trailing SL of $320 (ATR,14)
According to me the Fall of BITCOIN is over now. from now onwards BITCOIN will start rallying as some big fishes has entered on it in the levels of 6000 to 8000.
Volume Spike
Rsi at lowest levels
Hammer formation made
BUY BTC here with Stop loss of 4900$.
