bkouassi89
Long

BITCOIN >>MAY 29 << APPROACHING CRUCIAL ZONE

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin is approaching the triangle support we have previously drawn. Wave E has a tendency to pierce triangle supports then bounce back, so that could also be expected. This is a crucial zone for the entire correction to be over. Otherwise we are looking at a next possible low of $4,000.


Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
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