Right now, Bitcoin is in the middle of subwave 3 within wave 3, which is usually the strongest and largest uptrend.
If we zoom in, we see a ascending triangle for the corrective wave. It is a rare, but extremely bullish pattern.
If we zoom out, we see that Bitcoin has clearly broken a major resistance channel and has started its impulse waves. According to a 1 to 1 extension, Bitcoin will hit at least 15000 for wave 3. If the 1 to 1 Extension hit, Bitcoin will likely hit 18500 for wave 5. Keep in mind that these are conservative targets. I wouldn't be surprised if the price reach much higher.
Entry:11600
T1: 13200 (within 2 week)
T2: 15000 (within 1 month)
T3 18500 (within 2 month)
If we zoom in, we see a ascending triangle for the corrective wave. It is a rare, but extremely bullish pattern.
If we zoom out, we see that Bitcoin has clearly broken a major resistance channel and has started its impulse waves. According to a 1 to 1 extension, Bitcoin will hit at least 15000 for wave 3. If the 1 to 1 Extension hit, Bitcoin will likely hit 18500 for wave 5. Keep in mind that these are conservative targets. I wouldn't be surprised if the price reach much higher.
Entry:11600
T1: 13200 (within 2 week)
T2: 15000 (within 1 month)
T3 18500 (within 2 month)
