EWS

Bitcoin - Continues to accelerate towards the 7,800 target

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin continues to accelerate higher, with only minor corrective declines on the way (also seen in the US indices). The next possible upside target for wave 5 and (3) is seen near 7,800.

That said, we should be aware of a possible extension closer to 9,150 or even towards 10,783.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.