Veejahbee

BTCUSD - POTENTIAL SHORT-TERM BULLISH TRADE SETUP

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD is trading at an area that could offer significant support. Breaking decisively out of wave (b)'s corrective price channel give us reason to favor more bullish scenarios, and it should stage a wave (c) advance. Wave (c) should travel at least the same distance as wave (a) and more likely 1.236x that distance - around $11500 area.

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.