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BTC February bull run - noob pov
Since the lows on Feb 6 BTC and all other major coins broke the bearish trend and restarted a promising climb.
Jan 13 was an important step where bull's volume didn't allow a head and shoulders to form triggering an ascending channel that can lead to 14.5k in the end of the month.
The yellow wave is a 36h move that will unfold this evening, it should retrace to around 10.5k (4) and end past 11k.
The cyan is the week-long wave, if it confirms 11.7k (3) in the next day or so.
The green wave is the entire leg of this bull move with wave (3) at 13k and then depending on volume could consolidate around 11.7k (B) and then brek down (10.7-11.7 range) or move towards 14.5k (5).
Jan 13 was an important step where bull's volume didn't allow a head and shoulders to form triggering an ascending channel that can lead to 14.5k in the end of the month.
The yellow wave is a 36h move that will unfold this evening, it should retrace to around 10.5k (4) and end past 11k.
The cyan is the week-long wave, if it confirms 11.7k (3) in the next day or so.
The green wave is the entire leg of this bull move with wave (3) at 13k and then depending on volume could consolidate around 11.7k (B) and then brek down (10.7-11.7 range) or move towards 14.5k (5).
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