BitcoinLong
Ascending Triangle - 30min XBTUSD - BTCUSD - Bullish #Bitcoin
XBTUSDSimple, target at ~$3900 (XBTUSD).
Closing above 3670 (XBTUSD price), also closes above a key Fib level seen below.
Elliot Wave-wise we had a 3 impulse 5 wave move up to the latest high, with a ABC (truncated C wave because of that extreme wick a few days ago). If, IF, it plays out, I am expecting another 3 impulses to form the third wave. But Elliot waves aren't reliable for prediction, you have to take it play-by-play.
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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.