Bitcoin 7.1k soon!Bitcoin has recently tested 6.8 and bounced back to where it started the wave from, the pump was created by Bitmex being down and many of us are calling it an exchange manipulation and the dump was due to ETF rejection by the SEC. But we all was know that there are technical factors which indicate all this moves, and if you look at my chart from 14/08 you can see that there was a reversal pattern and Bitcoin has already confirmed this reversal, so the bounce from 5.8k area to 6.5k was the first wave and we had our retracement after that so we started the next wave which tested the 6.9k area but due to exchange and news manipulation we got dumped back to the start of the wave and now we are looking for move up again and if this wave was to be cut down to smaller waves, wave 1 was testing the 6.9k and then wave 2 which can retrace full of wave 1 already took place which took us back to 6.2-6.3k, and now the third wave should take place which should be the biggest impulse so I see this impulse taking us all the way up to 7-7.1k. We can see bullish signals not only in the pattern BTC has made but also in the indicators which are EWO, STOCH and MACD.
EWO we can see the red waves coming to and end and the big green wave we had after the retracement indicate start of a new cycle upwards and the red waves we had were just the retracement or wave 2, and the next green waves are expected to be larger so wave 3 is coming and is coming hard!
MACD bullish divergence is shown on the chart since the end of the retracement!
4h,1h STOCH moving from oversold area up which is another bullish signal !
Good Luck, Traders! #moon #mooncommunity
