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The_Father_of_Crypto
Mar 3, 2021 8:39 PM

BTC retest then fly to 55k Long

BITSTAMP:BTCUSD30
Bitcoin / U.S. dollarBitstamp

Description

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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

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Retest of the HUGE breakout happens at 41.1k

Comment

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

Comment

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

Trend AnalysisChart PatternsBTCUSDTBTCUSD
Comments
JeremyPollus
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Worked fine up to 4th wave...
The_Father_of_Crypto
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@JeremyPollus it went deeper but overall it going on wave 5 imo
yabodo
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Wow, thanks for the chart.. Looks like we have a trend reversal in our hands now. Summer's coming early, gotta get them shorts out :)
polatates20
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MATE ,ı tell you someting that 2021 btc top 72-74k for me.since 30k ı have been telling to people however ,when biden sign 1,9 trillyon dollar we will fly .your charts are fabolous mate
The_Father_of_Crypto
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@polatates20, tanx. Yes 1.9T is not a joke... Imagine they already talk about another 3T!
yabodo
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@polatates20, ABCDE turned out to be 12345 #trendReversal. Probably the end of current bull season, or at least a lengthy break.
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