After the 1-2-3-4-5 Elliott Impulse Wave, BTC is in the C wave of Elliot Correction wave pattern. BTC will go more down to 12800-13200 support zone. This idea is also supported by the inverted cup and handle pattern.
If BTC breaks the triangle up, wave C might not finish completely, but this is not likely to happen. I'm expecting breaking down. You can short after the break down for a quick scalp and long in the support zone, after uptrend confirmation.
If BTC breaks the triangle up, wave C might not finish completely, but this is not likely to happen. I'm expecting breaking down. You can short after the break down for a quick scalp and long in the support zone, after uptrend confirmation.
Comment:
Buy zone hit. Buy now or wait for trend reversal confirmation.