Last time bitcoin reached this area it ended reaching 20,000 which is top of wave 3.
Assuming we will conclude wave 4 at 3013-3200 wave 5 should take it to 25,333 and possibly 28,000.
Alternatively look for a bottom at 2267-2276.
Current level is investment area from a value point of view.
Assuming we will conclude wave 4 at 3013-3200 wave 5 should take it to 25,333 and possibly 28,000.
Alternatively look for a bottom at 2267-2276.
Current level is investment area from a value point of view.
Trade active:
Should reverse from 20300 to 12500 and then go to target
Comment:
After 2 years and 11 days it reached the first target and getting close to the second.
Comment:
Reached the second and last target the next day.
long term it will go to 32,000 and 40,000
long term it will go to 32,000 and 40,000
Time to close and wait for 3700 by end of November.
Happy trading.