So BTC has broken up from the parallel channel which is good.
Right now it's been forming this bullish triangle... which is also good.
Bitcoin is making higher lows.. also good
But this week was kinda boring... which is bad
Right now what we can expect...
We can see nice waves forming as well... if we think the first wave is between A and B...
The fifth wave must be the same.. so it would lead us somewhere around 65 k...
But you can also see a W pattern...
The only bearish thing is that level around 60k is working as a strong resistance.
If we break it and test it, we would have s super strong support.
I´m but scared because of every MON&TUE selloffs...
So in short term, I´m a bit bearish but in long term, I´m super bullish!
All we need is not to drop below 45k!
Right now it's been forming this bullish triangle... which is also good.
Bitcoin is making higher lows.. also good
But this week was kinda boring... which is bad
Right now what we can expect...
We can see nice waves forming as well... if we think the first wave is between A and B...
The fifth wave must be the same.. so it would lead us somewhere around 65 k...
But you can also see a W pattern...
The only bearish thing is that level around 60k is working as a strong resistance.
If we break it and test it, we would have s super strong support.
I´m but scared because of every MON&TUE selloffs...
So in short term, I´m a bit bearish but in long term, I´m super bullish!
All we need is not to drop below 45k!
