Bitcoin 5th wave higher
4th wave could be set in place at the trend line support which comes in at 100% extension of wave A->B & 38.2% retrace of the 6th feb lows to 21st feb highs. Big volume earlier pushing bitcoin above 10k & 50RSI helps this case. Upside levels will be the retrace of wave 3->4 & the 50DMA in short term. Ill update as we make progress of 5th wave
5 min chart of volume pick up
5 min chart of volume pick up
Note
Through the 50DMA and 38.2 and 50% retraces. At r1 & 61.8% retraceHigher will be the key pitchfork line * long term 38.2% retrace
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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.