BTC/XBT What to expect could this be the moment for BULL or Trap

Hi guys,

We all had some relief finally from the bear market, this moment seems so good, but I has some warning for us, the bear market not yet over until we cross some important market level.

All eyes should set to 4400$ level a break away from this level will implies us to have major re bounce which can stay upto 5400$-5600$.

Moreover, if the above level still stay we will definitely have another drop to re-test the previous low and probably breaking through it to complete the last arm of bear market.

Post will be update as market develop.

Thanks for reading my post and the chart is self explanatory.

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We are nearing the end of the major rally for today.

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Reversal hunting post seems to be nailing the move rightly.

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Hi guys BTC/XBT is going as expected, now the cycle is completed its time for correction. This correction will be abc or it may be continuation of downward movement. If the abc fail to hold at 3510 then this will call for worry as it may be for continuation .

I will keep us posted as trade develop.

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Hi guys

we talk about potential correction yesterday which did played well from 39XX zone wit abc pattern and for now wave A is completed and price seems to be on the rise for wave B before final drop for wave C.

Meanwhile we expect immediate bounce from either 3512$ and 3430$. Which should take price to complete the big correction WXY which should take price to 4100-4300$ zone.

I will update the market is it develop.

Note:
Important level to watch is reaction of price at 3800-3827 if price break throught this successful the whole pattern will be invalid and this mean we will just go up straight without completing the leg of wave X and target will be 4127$.

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From the last update we talk about the stronghold of 3800-3825 zone and this level break through and price hit the proposed level at 41XX area. Let hope this will signal the end of wave 1 then we should have retracement for wave 2 down before we move wave 3 all in upside direction.

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Major view about the whole BTC move

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BTC keep heading up and I believe we will see a new high soon to complete the second cycle after first cycled completed with its tiny abc pattern.