Bitcoin Forms Ascending Wedge to Initiate 2021's Late Bull Run
Life's a game of inches, especially when you're working from an intraday logarithmic chart :)
After reviewing my analysis again and more precisely using the fibonacci tool, it seems very likely that Bitcoin continues its rise up towards mid $53K. With Wave 1 being three waves, Wave 3 also looks to repeat a very large three wave cycle. Watch out for a nearly 30% drop from $53K to $34K in the near term future. It's a bit early in the game but I anticipate that Bulls will respond with heavy FOMO and send value from $34K to $76K soon thereafter.
After reviewing my analysis again and more precisely using the fibonacci tool, it seems very likely that Bitcoin continues its rise up towards mid $53K. With Wave 1 being three waves, Wave 3 also looks to repeat a very large three wave cycle. Watch out for a nearly 30% drop from $53K to $34K in the near term future. It's a bit early in the game but I anticipate that Bulls will respond with heavy FOMO and send value from $34K to $76K soon thereafter.
Giao dịch đang hoạt động:
Lets see if the Bear wave to $34K proves tru :)
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what will come next?
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