Hello and a warm welcome to this analysis on BTCUSDT
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till...
A bullish scenario for bitcoin:
- price will not close below 6134
- iH&S, will confirm after breaking the neckline (on increased volume)
- target for scenario 7k$ range
- if we close above the resistance area we are likely to see more elephant waves:
www.coinstreet.limited
We got a nice impulse leg yesterday making a new high and turning into a bullish trend. (short term)
I'm now looking to buy the retracement into the buy zone.
It's still unclear if we get the retracement wave but we are very close to a significant resistance area and failed to break past it the last couple of days. Chances of some retracement waves are going up as we speak.
I'm looking to buy the retracement wave when it enters my buy zone, and will manage the position (take some profit) in the target zone add a...
