Enter now and take advantage of the bearish momentum, the institutions surely liquidated positions in the upper part of the bearish channel. The 1720 zone will most likely work as a price magnet.
The price is immersed in a clear uptrend, traveling the largest wave #3. Breakout of the $60 level confirmed. The price forms a spike on the 61.8 of the last bullish impulse, if it is activated, we buy with a projection at $76.40 as the first tp. Taking into account that it could reach $80 per projection of wave #3.
We are in full upward trend.
Price spikes above the 61.8 fibonacci level, after bouncing off the bottom of the channel.
We expect resistance breakout at 60000, to project to 69500.
BUY BTC AND ENJOY IT!
Bearish channel on weekly chart with time to reach the top.
Bearish guideline close to breaking, which would confirm the main bullish momentum.
The price makes a small correction to 50%, where it forms a follow-up pattern, which breaks its respective resistance, giving us a projection up to 185.
If the price breaks above the 78 fibo level, it could go looking...
Price breaks down channel.
Trend line breakout and bearish guideline.
Expansive wave in process.
After the pullback to the 1.2000 zone, the price forms a bullish pattern above 50% of the fibo, about to activate.
Buy and enjoy!
The price met its first projection at the 1940 level, we expect continuation of the bullish rally until 2000, but you could consider taking profits in 1984.
Bullish pattern and channel breakout support buying.
The price makes corrective wave 4 on the 61.8 of the fibo of the last bullish rally, where it forms and activates an inverted hch, which warns of a possible continuation of the trend. wave 5 in formation with projection at level 30860
By waves of eliot we have corrective wave # 2 finished at 50 of fibo, with wave # 3 in process.
Possible rounded soil formation in weekly chart.
In daily charts we see an inverted hch (healthy) formed on the 50 weekly fibo, which would activate after breaking the 40usd (previously it already exceeded this maximum, which indicates weakness of the level).