I don't call targets since there is too much resistance on the way resulting from the bumpy way down. But lets say everything points to 10k in the very short term. This is a classical triangle pattern with low volume and visible accumulation paired with the deisbelief of the bears in the market that are ripe to be converted to bulls. the next test of the upper edge of the triangle will break trough and will trigger a bunch of bear stops.
3.bp.blogspot.com/-Zv-t8f7SbJ8/UgymOZNzhiI/AAAAAAAAAbQ/gpkcXSXASaw/s1600/ELLIOTT+WAVE+THEORY+–+TRIANGLE+PATTERN.jpg
Watch out for the alts. NEO, VEN, ADA. they are about to leverage on the BTC recovery.
3.bp.blogspot.com/-Zv-t8f7SbJ8/UgymOZNzhiI/AAAAAAAAAbQ/gpkcXSXASaw/s1600/ELLIOTT+WAVE+THEORY+–+TRIANGLE+PATTERN.jpg
Watch out for the alts. NEO, VEN, ADA. they are about to leverage on the BTC recovery.
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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.