Long term - Bitcoin is building a base for wave iv before one more leg up to 120-140k+ zone.
Short term expect to see completion of triangle in wave 4 followed by weakness in wave 5 of (C) of iv.
Short term expect to see completion of triangle in wave 4 followed by weakness in wave 5 of (C) of iv.
Note
BTC slightly overshoot the red target box. ABC structure looks complete now. Time to cautiously accumulate longs.
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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.