Updated

Bitcoin/USD -Falling wedge as potential end of local correction

Left fibo levels are 11.7k - 6.4k, right one are 6.5k - 9.7k. 38.2% fibo may end this correction especially because this level is also around local high from April 15th.
Also we are currently above ALL down-trend lines (log and linear) from Bitcoin ATH so basically we just started (April 19th) new - at least local uptrend.

Note

There is also a possibility that we are now in the wave nr 4. So 5th could bring us under 11.7k.

Note

We left wedge a bit faster. Possible end of wave B currently:

Note

Last attempt to drawing this correction. Looks like we are lacking of last 5th wave (of B wave) so we could reach $9500 and start to go down after that.

hiddenpablo

We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com
- discord.gg/dWaU2rS
My Twitter Account: twitter.com/Crypto_Investor

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hiddenpablo

We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com
- discord.gg/dWaU2rS
My Twitter Account: twitter.com/Crypto_Investor

Also on: