Cryto
Bitcoin is set to Rocket in the next few monthsMy view of Bitcoin is very bullish and on a medium (next few months) I am BULLISH.
For now, i'm out of the market (flat) but looking for a pullback so I can get Long again.
The inverted Head & Shoulders can measure the potential length of this current Bull run.
Measure distance from neckline to head and project up - but that doesn't mean it will stop there.
NOTE: End of Wave 3 has not been confirmed as being finished. It can go higher.
See profile
NB The wave count is not a showing price projection its just there as a Road Map.
Hope that helps
Sean Vengan Professional Cryptocurrency Trader and Trading Educator
Bitcoin could see $1500 againBitcoin has been respecting the same trend line on logarithmic scale ever since the 2013 crash. Since then, there have been plenty of bubbles that start in the bottom half of the trend line and bounce off of the top half of the trend line. The one starting in April is no different. It bounced perfectly off of the top of the logarithmic trend line and is experiencing a bull trap as it has a few times in the past.
Assuming this time is no different than any of the past patterns in the last 2-3 years, we should see a correction to the $1400-$1550 range.
Happy trading!