BTC managed to be held above the trendline.Check the last few days price action of BTC.It touched the trendline and bounced back to breakout off the wedge formed.Then the top level of the wedge was retested and it bounced back again.This looks like the end of wave C.Check the wave counts.So what next?
Case 1
If BTC manages to break $10600 we can expect an upward run to $14850 or above
Case 2
If it fails to break $10600 it will start accumulating by moving sideways.After the accumulation the final impulsive wave will be played out.
Targets (Considering case 1)
$9000
$11700
$14850
$20250
$28000
Case 1
If BTC manages to break $10600 we can expect an upward run to $14850 or above
Case 2
If it fails to break $10600 it will start accumulating by moving sideways.After the accumulation the final impulsive wave will be played out.
Targets (Considering case 1)
$9000
$11700
$14850
$20250
$28000
Trade active:
Breakout from the bull flag..Moving towards target
Comment:
Trade active:
Reached 1st Target
Comment:
Trading channel
