Our recent Bitcoin analysis didn't go accordingly and the pattern changed. It appears we are in a zigzag ABC formation and currently in the C wave heading towards the 49K.
Bitcoin rejected the area between 618 and 78.6 fibonacci and we saw a trendline break - indicating bullish momentum.
Trade Idea:
- Watch lower timeframe corrections and enter
- Safe stops...
We've broken through this wedge pattern & may see a slight pullback before we make a run to the .34 resistance.
If we do fall back into the wedge we may see a large pullback to .26 - .29 consolidation phase.
I believe we will see Doge at .35 Monday morning then pushing .40+ as we near next weekend.
