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Tradinator_
Jul 31, 2021 10:50 PM

Bitcoin & The road to 100k Long

BTC Perpetual Futures ContractBinance

Description

Bitcoin is in a very good spot here. Sentiment seems very neutral though. Looking at twitter I'm thinking that most people are either sidelined or bearish.
We have had a Double Zigzag (WXY) pattern, very clean one. Also having the confluence of what looks like an Wyckoff Accumulation pattern.
Firstly, i thought we could see a big pullback towards the 33k but i don't see that happening anymore. Changed my mind and now i think we have already finished the first impulse from the bottom, followed by a wave 2 correction (a very shallow one).

I'm bullish targeting All Time Highs ! First logical target for wave 3 would be $66.500 minimal.
Comments
Tradinator_
The one from last year.

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