The_Father_of_Crypto

BTC retest then fly to 55k

Long
BITSTAMP:BTCUSD   Bitcoin
We are in an uptrend channel.

We are looking at a retest of 49500 before going higher.

The 5th impulse wave should bring us to 55k. This is where I'm looking to sell ALL.

Then we will see a ABC correction to 41.5k. (This would be a retest of the mega breakout that happened 2 days ago. See under.)

AFTER THAT, i'm looking at 72k target in the next 2 weeks, like I said in a recent view.

In short : 49.5k - 55k -41.1k - 72k
Comment:
Retest of the HUGE breakout happens at 41.1k

Comment:
Flag Pole of the huge broke out pennant brings us to 71.4-72k

Comment:
Some adjustments on the pattern but overall BTC is holding and we should see 5th wave.

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