Hi again I am back,
BTC will go up from here, ascending triangle completing on daily chart.
Also MACD just gave long signal on daily, and RSI looking good to buy here.
Possible retracement to 59K level before big push upwards, or not. It is risky and hard to tell if it will pullback more or not.
I am still in loss by the way and never profited from bullrun...
You can see how it always rejected to go past 62k in this chart because the trendline resistance. It will dump to 50k first. 30k is the strong support. This bearish scenario may happen soon.
Or after dump we can go upwards like this:
The bigger picture tells that basic elliott impulsive waves principle played out perfectly, now we are in corrective phase and after wave C completed we should resume the bullrun, after touching 65k, maybe retrace to 58k levels to complete the ascending wedge, as can seen on chart.
If the corrective wave A ends here, it should break the temporary downtrend upside and it will not go to visit 50k or below and it may go up from this levels ... or maybe one more down to 52k level to finish the descending wedge as can be seen on chart.
Elliot impulse waves playing out perfectly, and I only happened to buy at 1-3-5 tops, which made me sell...
I am back with short trade setup. Bearish tweezer top candle formed on 1H chart, and triangle here will most likely break downwards soon, not many people wants to buy from here. If triangle break upwards, stop-loss should be located there at 59.500.
Good luck all.