BTC falling wedge update

Update from

Green trend expected to continue till above the triangle, then face Ichimoku cloud resistance, temporarily drop and move on to retest original Fib. retracement. All while still complying with Elliot Waves and nice Q3 allignment (don't forget about sentiment) :)

Giao dịch đang hoạt động:

Trade still active: within uptrend or impulse waves there are always corrections of a lower order, this is what we saw happening 6 days ago.

We should encounter the Ichimoku cloud at around 7.3-7.5k, followed by a retrace to our currect position at around 6.6-6.7k.

Bình luận:

Sooner than expected, we bounced off the Ichimoku cloud. Perfect. Small retrace will follow which could last a few days. Another attempt to break the cloud should follow, and hopefully succeed.

Today's run confirms our position in Impulse wave 1, breaking the potential extended 5th correction wave.

I am completely bullish, but we will see red in the coming days.