Bitcoin has rallied nicely off it's November bottom completing an impulsive 5-wave pattern. That's the good news. What's next? We should expect a retrace. If we retrace correctively in an ABC pattern into the target box, then impulsively breach the wave 1 high recently struck, Bitcoin could breach the $26,000 giving us our first clue we may have bottomed.
Once we breach the wave 1 (if wave 1 is done) breaching $26,000 should not be a problem.
Now can we extend in our wave 5 of larger wave 1...sure. What is important is we have a full pattern...so naturally we should be expecting a retrace. Again, I will repeat, we expecting a wave 2. Wave 2's can be shallow or deep. They are by nature unpredictable...hence the large target box.
Best to all,
Chris
Once we breach the wave 1 (if wave 1 is done) breaching $26,000 should not be a problem.
Now can we extend in our wave 5 of larger wave 1...sure. What is important is we have a full pattern...so naturally we should be expecting a retrace. Again, I will repeat, we expecting a wave 2. Wave 2's can be shallow or deep. They are by nature unpredictable...hence the large target box.
Best to all,
Chris
Go to ewtdaily.com for DETAILED DAILY UPDATES on this ticker and get a 7-day FREE trial on updates on entire coverage list of 27 unique tickers.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
Go to ewtdaily.com for DETAILED DAILY UPDATES on this ticker and get a 7-day FREE trial on updates on entire coverage list of 27 unique tickers.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。