Bitcoin is moving in an ascending triangle
50EMA is acting as a strong support line below which the bears may take control
Applying the 5 waves, bitcoin is currently in the wave 3 with the target at 11,600 levels.
Invalidation level should be taken at 8800
Once Target 1 is achieved, the next focus has to be the level of 12,300 with the invalidation levels at 10,000
Have a relaxing weekend ahead!
50EMA is acting as a strong support line below which the bears may take control
Applying the 5 waves, bitcoin is currently in the wave 3 with the target at 11,600 levels.
Invalidation level should be taken at 8800
Once Target 1 is achieved, the next focus has to be the level of 12,300 with the invalidation levels at 10,000
Have a relaxing weekend ahead!