Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ).
LONG Entry:
- Look for the rejection of channel support and 0.382 Fibonacci level
- Wait for the first bullish candle to be printed
- Stoploss: below the bullish candle after entry
- Target: 73k, 83k, 96k, and 109k
Good Luck and as always trade safe!
LONG Entry:
- Look for the rejection of channel support and 0.382 Fibonacci level
- Wait for the first bullish candle to be printed
- Stoploss: below the bullish candle after entry
- Target: 73k, 83k, 96k, and 109k
Good Luck and as always trade safe!
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.
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.