BeyondEdge

BTC Wave 3 - Key Challenge

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Price looks impulsive in nature which could possibly be a wave 3 in progress. The key area is likely to be the mid-line (circled) of the channel. An ATH challenge provides some confluence. I'm expecting a successful break and a wave 3 completion around 33-38k.

If the channel proves to be correct and price progresses to the upper line, we can expect the next correctional move (wave 4) to come back to the price zone of (wave 1) at around the 20k mark.

This is a long term projection. My two satoshis.

Please like, follow or comment if this idea caught your attention. I'm keen to hear your thoughts and as always, your support is much appreciated. Happy hodling.


Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.

Do not trade or speculate based solely on the information provided.

Trust your own analysis.
Beyond Edge


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