cpatel4

Bitcoin Corrective Wave 2 Before Continuation

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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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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