MercuryYoung

BTCUSD market view: wave B rebound after wave A

COINBASE:BTCUSD   Bitcoin
The fifth wave of the first decline cycle (wave A) is coming, and when it falls below the bottom of the parallel channel, there will be a trend of accelerating to catch up with the bottom($4900-4600), and then a rebound cycle (wave B) will also generate a five wave pattern, with the peak price around $7800, an overall increase of about 60%, and the time range is in the 2020 Q1.

If this opinion breaks through $7800 in the next two weeks, it will be declared invalid.

The above views are purely entertainment and are not considered as investment suggestions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.