Gouws199
Long

Ascending Triangle - 30min XBTUSD - BTCUSD - Bullish #Bitcoin

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BITMEX:XBTUSD
Simple, target at ~$3900 ( XBTUSD ).


Closing above 3670 ( XBTUSD price), also closes above a key Fib level seen below.


Elliot Wave-wise we had a 3 impulse 5 wave move up to the latest high, with a ABC (truncated C wave because of that extreme wick a few days ago). If, IF, it plays out, I am expecting another 3 impulses to form the third wave. But Elliot waves aren't reliable for prediction, you have to take it play-by-play.

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