I hate to be the bearish one but it looks like we are in a corrective zigzag (yellow abc). In a bigger timeframe it looks like we are in wave 2 (blue). Both potential targets have the 53k zone in common.
53k is also a great support because of the sept 7th high.
Lastly, it also matches the target of the h&s I published earlier.
DYOR always.
Looks like a head & shoulders is forming on BTC. Expected target would be around 53k near the daily 50 Moving Average. Let's see if it confirms the pattern by closing below the neckline.
C98 just broke up from corrective wave 2 (contracting triangle) with good strength. It has now started wave 3 (impulse move). Expected target is $11.5. 🤑
DYOR always
