ridenz77

BITCOIN UPDATE and forming a bullish divergence in Day TF

Long
BITSTAMP:BTCUSD   Bitcoin
We can see a similar pattern last May 2021 on what's happening to bitcoin now.

Possible that retracement is not yet finish for form a perfect bullish divergence and may go down to 42K support.

Elliot Wavers which not my expertise says we are on Wave 2 or possible Wave 3. Which ever is the correct one, I will go back to fundamental and basic technical analysis on a higher TIMEFRAME.

Please DYOR and do ur technical analysis with care and without emotions. TRADE like an expert

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