BitcoinLong
Huge Bull Run Coming for Bitcoin
Right now, Bitcoin is in the middle of subwave 3 within wave 3, which is usually the strongest and largest uptrend.
If we zoom in, we see a ascending triangle for the corrective wave. It is a rare, but extremely bullish pattern.
If we zoom out, we see that Bitcoin has clearly broken a major resistance channel and has started its impulse waves. According to a 1 to 1 extension, Bitcoin will hit at least 15000 for wave 3. If the 1 to 1 Extension hit, Bitcoin will likely hit 18500 for wave 5. Keep in mind that these are conservative targets. I wouldn't be surprised if the price reach much higher.
Entry:11600
T1: 13200 (within 2 week)
T2: 15000 (within 1 month)
T3 18500 (within 2 month)
If we zoom in, we see a ascending triangle for the corrective wave. It is a rare, but extremely bullish pattern.
If we zoom out, we see that Bitcoin has clearly broken a major resistance channel and has started its impulse waves. According to a 1 to 1 extension, Bitcoin will hit at least 15000 for wave 3. If the 1 to 1 Extension hit, Bitcoin will likely hit 18500 for wave 5. Keep in mind that these are conservative targets. I wouldn't be surprised if the price reach much higher.
Entry:11600
T1: 13200 (within 2 week)
T2: 15000 (within 1 month)
T3 18500 (within 2 month)
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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.
Related publications
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.