KRAKEN:BTCUSD is in tight range between $38'000 & $41'000 in past 2 weeks. I think it is part of really big accumulation phase and once the price push up and price action is confirmed we can expect 5-th wave and blow-off top in 3 months.
What is the supported thesis technically for the expected scenario on Bitcoin
- price finishing harmonic 5-th wave model with extended 5-th wave - The MACD indicator is at the low and probably will perform well in the next couple of days - Accumulation on bigger time frames supporting the thesis - we can expect at least a 15% uptrend to the first resistance zone in the $45'000 in early May
If you have any questions related to this trading idea I will be happy to provide you with answers.