Bitcoin Forms Ascending Wedge to Initiate 2021's Late Bull Run
Updated
Life's a game of inches, especially when you're working from an intraday logarithmic chart :)
After reviewing my analysis again and more precisely using the fibonacci tool, it seems very likely that Bitcoin continues its rise up towards mid 53K. With Wave 1 being three waves, Wave 3 also looks to repeat a very large three wave cycle. Watch out for a nearly 30% drop from 53K to 34K in the near term future. It's a bit early in the game but I anticipate that Bulls will respond with heavy FOMO and send value from 34K to 76K soon thereafter.
After reviewing my analysis again and more precisely using the fibonacci tool, it seems very likely that Bitcoin continues its rise up towards mid 53K. With Wave 1 being three waves, Wave 3 also looks to repeat a very large three wave cycle. Watch out for a nearly 30% drop from 53K to 34K in the near term future. It's a bit early in the game but I anticipate that Bulls will respond with heavy FOMO and send value from 34K to 76K soon thereafter.
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Lets see if the Bear wave to 34K proves tru :)Note
mid macro invalidations manifested however, the overall pattern remains in tact. my community and i had the option to avoid a 50% drop in value :) what will come next?
follow the wave to find out.
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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