Bitcoin is moving in an ascending triangle
50EMA is acting as a strong support line below which the bears may take control
Applying the 5 waves, bitcoin is currently in the wave 3 with the target at 11,600 levels.
Invalidation level should be taken at 8800
Once Target 1 is achieved, the next focus has to be the level of 12,300 with the invalidation levels at 10,000
Have a relaxing weekend ahead!
50EMA is acting as a strong support line below which the bears may take control
Applying the 5 waves, bitcoin is currently in the wave 3 with the target at 11,600 levels.
Invalidation level should be taken at 8800
Once Target 1 is achieved, the next focus has to be the level of 12,300 with the invalidation levels at 10,000
Have a relaxing weekend ahead!
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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.
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.