cpatel4

Bitcoin Corrective Wave 2 Before Continuation

COINBASE:BTCUSD   Bitcoin
Price has been all corrective and looking to retest moving average GUPPY and pitchfork. Must be patient for more information and continue watching price action develop for further clues. A price drop below 6450 would be confirmation this was a major wave B signaling new lows, while anything above before reversing higher will signal the end of major wave 2 in a bull market and the start of the largest wave 3 impulse usually lasting longer and usually 3-4 times the length of wave 1 move from 3.4k to 13.8k. I am expecting the pitchfork to hold and price to not drop below 9k before continuing higher. Price target for end of 5 waves 353,000 USD by 2021/2022.
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