Today, BTC/USD had very big plummet with breaking of triangle pattern.
The 20, 25 EMA of Weeks couldn't make hold the price of BTC.
the price rebounded 0.381 of long soaring from 4000 dollar.
So, we can guess that collection wave (2) was over and (3) wave will start.
(3) wave target is about 20000 dollar.
The 20, 25 EMA of Weeks couldn't make hold the price of BTC.
the price rebounded 0.381 of long soaring from 4000 dollar.
So, we can guess that collection wave (2) was over and (3) wave will start.
(3) wave target is about 20000 dollar.
Trade active
Now plummet is stopped near 0.382 And it is making impulse wave
In order to check that it is real impulse wave (3) or not, we have to check breaking highest price 14000 dollar with highest volume.
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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.