Now I want to talk about bullish perspective for bitcoin.
As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3 IF 6100 level doesn't broke.
IF this is the beginning of wave 3, I can see the target is often at 1.618 fibonacci extension at 10500.
Let see how the market moves, accumulate bitcoin and alts are very good for now I think. Q4 is coming, and we will see a fireworks on upcoming months.
Happy trade, play safe! :)
As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3 IF 6100 level doesn't broke.
IF this is the beginning of wave 3, I can see the target is often at 1.618 fibonacci extension at 10500.
Let see how the market moves, accumulate bitcoin and alts are very good for now I think. Q4 is coming, and we will see a fireworks on upcoming months.
Happy trade, play safe! :)
My projection, bitcoin need to makes one more retrace to build the momentum, as can you see in the picture below.
But, still just a projection, everytime it can change as the market moves.
I will keep this updated.