JTheretohelp1

$BTC 4-Hour Triangle Nearing Apex

BITSTAMP:BTCUSD   Bitcoin
Good day friends, I hope your all having a Wonderful Wednesday. I am in Miami for a conference through tomorrow, but wanted to publish a quick 4-hour chart since we have had some price volatility between $60K & $63K. For the very short term the PA will be nearing the apex of our triangle. Based on the HTF charts, the path of least resistance is UP. Add to that the oscillators also tend to be agreement with that move happening rather soon. As a level, I still want to see a daily close OVER $63.8K and ideally a weekly close over $67K to get us out of this "Chop zone". It still remains my steadfast opinion that we have merely been in a sub 4th correction within the confines of a larger 5 wave structure. Minimum Targets continue to be $73K-$78K.

JT
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.