BTC Primed for a massive breakout ! Its coming sooner than ever
מעודכן
Current BTC corrective structure is very similar to what we have seen with XRP in August-September.
In both cases,we see a 7 wave corrective structure and major fall happens right after rejection from 0.702 retracement rally and then forming a base on the 5th wave within wave 5 and a small push up taking it near wave 4 of 5th wave in wave 6 before the capitulative bottom in wave 7.
Then after the wave 7 the price hovers up in the region and comes down near the previous low set in wave 7 for the last time without breaching the low of wave 7 before reversal.
The structural looks very similar and may play out.
#btc
#2021bullrun
#NFA
In both cases,we see a 7 wave corrective structure and major fall happens right after rejection from 0.702 retracement rally and then forming a base on the 5th wave within wave 5 and a small push up taking it near wave 4 of 5th wave in wave 6 before the capitulative bottom in wave 7.
Then after the wave 7 the price hovers up in the region and comes down near the previous low set in wave 7 for the last time without breaching the low of wave 7 before reversal.
The structural looks very similar and may play out.
#btc
#2021bullrun
#NFA
הערה
Happy Monday everyone !!!Its been a good ride up
עסקה פעילה
Next major targets : 47.5k and 54k where btc may face resistanceעסקה פעילה
Recovery going as expected !עסקה פעילה
For a bullish recovery wave 5 of this recovery structure should be above wave B of the ABC correction
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.