Based on Elliott's weekly chart and wave count pattern, as well as Fibo on waves 3 and 4, we can see that there is still the potential to touch $ 63,000.
Of course, there is another important point that in the daily candlesticks during the last two days, the descending candlesticks have not been strong enough to neutralize the 6th day candlesticks. This means that the market is still very bullish.
So my answer to that question is yes.
But again, I urge you to be very cautious and watch out for bullish traps.
Of course, there is another important point that in the daily candlesticks during the last two days, the descending candlesticks have not been strong enough to neutralize the 6th day candlesticks. This means that the market is still very bullish.
So my answer to that question is yes.
But again, I urge you to be very cautious and watch out for bullish traps.
Trade closed: target reached:
As I said, Bitcoin has reached $ 63,000 and will probably go for correction