Bitcoin Attempt to Bullish Reversal
After the sharp drop from my previously published idea, Bitcoin is now attempting to create an impulse; If a successful retracement for wave 2 is accomplished we should expect a 3rd wave rally towards 65k levels breaking the B wave and confirming the termination of the corrective pattern, to further support this reversal Idea bullish divergences can be observed on the hourly time frames, which gives a higher probability for the upcoming rally.
Trade closed: target reached
Bitcoin managed to push thru the bullish reversal confirmation, I am now waiting for a retracement before another very impulsive move up.
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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.