On the chart of BTCUSD, we have been able to successfully recognize a zig zag corrective wave structure labeled (A) (B) and (C). Then price followed an impulse which indicates the begin of the resumption and we count it as wave(i) of the bullish trend then we noticed a correction which we counted as wave (ii) we expect a breakout of the wave (i) high will open more room to the upside,
Our minimum target is around 12500 price regon, with the invalidation level set below wave (ii)
Our minimum target is around 12500 price regon, with the invalidation level set below wave (ii)
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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.