Some possible scenarios for Bitcoin
Atualizado
Here is my bearish counting. The uptrend wave for recent days was interpreted as 5-3-5 structure and thus as wave B. In this case, we would be expecting wave C which presumably might reach $7,700~$7,800 where a lot of people is waiting. Breaking above $8,600 will invalidate this count.
My bullish countings are as above. I interpreted the recent uptrend wave as 5-3-5-3-5 structure which means we are done with correction and we are on sub-wave 2. Breaking above $8,600 will give more weight on this count and breaking below $7,925 invalidate this count.
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My bullish countings are as above. I interpreted the recent uptrend wave as 5-3-5-3-5 structure which means we are done with correction and we are on sub-wave 2. Breaking above $8,600 will give more weight on this count and breaking below $7,925 invalidate this count.
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If you have any question, feel free to ask me through the comment.
Nota
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We need to break above top of the parallel channel to get some bullish momentum
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Reached all of my targets.
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These were my mid-term targets.
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2nd target reached.
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