Bitcoin on a weekly time frame having a Triangle formation with the LHs and HLs. The wave E is supposed to stretch till the fib extension
(0.618) which gives a first target of 10,200.
The volume level looks strong currently and MACD indicates a bullish scenario. A further Fib extention to 100% would give us a second target for bitcoin at 14,200 and it will be a strong sell zone.
Happy trading!
(0.618) which gives a first target of 10,200.
The volume level looks strong currently and MACD indicates a bullish scenario. A further Fib extention to 100% would give us a second target for bitcoin at 14,200 and it will be a strong sell zone.
Happy trading!