And now all the technials come together beautifully
All the technicals we've discussed in the previous week's posts are now coming together beautifully.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.
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.