Took some time on BTCUSD. The first drop, marked with the big blue dot is ended. But not on the lowest point.
The rally can be confirmed as an impulsive wave, so we are looking at a retrace began middle 2019 not to go under 61.8% of the rally to 13000+, of course in logarithmic scale.
It's now finishing the last leg of drop, which has shown some feature of triangle. This doesn't need to be triangle though. It could be flat, diametric as well.
Therefore for the spot players, any price under 8000 is worth buying in. While for leveraged players, more details are needed for pattern confirmation. Anyway, the price is going to exceed 13000 soon, and the rally will not end before Jun,2020 (the gray vertical line on the chat)
The rally can be confirmed as an impulsive wave, so we are looking at a retrace began middle 2019 not to go under 61.8% of the rally to 13000+, of course in logarithmic scale.
It's now finishing the last leg of drop, which has shown some feature of triangle. This doesn't need to be triangle though. It could be flat, diametric as well.
Therefore for the spot players, any price under 8000 is worth buying in. While for leveraged players, more details are needed for pattern confirmation. Anyway, the price is going to exceed 13000 soon, and the rally will not end before Jun,2020 (the gray vertical line on the chat)