HolidayCoffee

Long BTC, Hermès is coming

Long
KRAKEN:BTCUSD   Bitcoin
1. fib pullback 0. 5-0 .38, first long target: 8500-8888$

2. Currently, it is under a Descending channel but with shrinkage, the trend may be changed at any time, so wait and see. If there is a huge dump, then wait for the first target to buy, but if it falls below the lower boundary, the stop loss is decisive. If the huge jump appears, break above the pressure line and stand firmly at 9404$, just follow the trend and chase long.

3. The overall trend is still rising. The bull market pattern has not changed.

4. According to the Elliott Wave Theory, there will be a fifth wave in the future, long-term target position: 10400$-12000$-14000$

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