BITCOIN Might Be Ready For TAKE OFF! Watch Now!
Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then followed by a another Triangle Correction ABCDE.
If this is the case we should very soon continue to go up and start our 5th Wave. It's always hard to determine these waves, but one thing is for sure and that is, that the bulls are in control.
Here I have used Classical Charting, which show us the same picture. The Right Shoulder on the Head And Shoulder formation is big, why we usually will not see a huge drop or retracement.
Also this simple chart tells us that the Bulls are in control.
- We have escaped the down
- Momentum - look at the Histogram
- looks good (not overbought)
- is again above MA20
- Increasing Global Market Cap and , which tells us that the Market Sentiment is
I hope you liked it! Please leave a LIKE, my friends.
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