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Piggy_Profit
Aug 26, 2020 10:50 AM

Bitcoin targeting 12.8-13k next! Long

Bitcoin / U.S. dollarBitstamp

Description

Good day Traders

Bitcoin: Expanding diagonal invalidated & seeing this as a completed wave 4 correction for now. Bet there's plenty sitting on sidelines waiting for that 10.5k entry..

More likely to me that this just grinds up from here. Daily order block and 4H EMA200 holding strong.

I reckon we should target that $12.8 - 13K weekly resistance next.

Good luck and happy trading!

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Ignore previous chart, this is my primary count

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Not just yet. Looking for one more drop to complete this correction. Declining volume on the lower tfs with this rise off the daily OB. Open interest also rising during this drop.

Targeting $10783 - $10938 (A:C 1:1 extensions)

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Bearish divergence on the 3H

Comments
LitecoinFam
Hopefully we can bounce here off 11.3k, break thought 11.4k again and be off!
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