Bitcoin has been trending in a channel for weeks! And could well be in ABCDE correction (see here)
If so, currently it's at D and could go down to E at $3k+
BUT,
if prices breach this channel decisively, then we will see a bull run!
Currently prices at Wave 4 Zig-Zag Correction, which correctly goes down to Wave 4 of a minor degree
Wave C of Zig-Zag is about to complete before Wave 5 begins
RSI appears to be bullish!!!
But if Wave C goes to 161.8% of Wave A, then reversal is possible
Lets see how this turns out.
I'm Bullish
50K GO GO GO!!!
If so, currently it's at D and could go down to E at $3k+
BUT,
if prices breach this channel decisively, then we will see a bull run!
Currently prices at Wave 4 Zig-Zag Correction, which correctly goes down to Wave 4 of a minor degree
Wave C of Zig-Zag is about to complete before Wave 5 begins
RSI appears to be bullish!!!
But if Wave C goes to 161.8% of Wave A, then reversal is possible
Lets see how this turns out.
I'm Bullish
50K GO GO GO!!!