Bitcoin Daily Chart Projection
Hello World! Today we will analyze the daily chart of bitcoin and make a projection for the next 30 days.
Despite all the political and international issues that seem to affect the price, bitcoin remains in the last impulse of Elliott wave 5.
According to the Elliott Wave theory, wave 5 could end with a major absorbing candle, especially if the daily candle closes above $36,000 today.
We are in the buy zone for the next 30 days, within a daily chart and a weekly chart the price will look for $46,700, this is the most important zone since if at these prices Bitcoin has a significant rejection we could be talking about a bearish trend within a weekly chart, at the moment the trend on a weekly chart is bullish and we will have a trend reversal on the daily chart.
Good luck!! See ya!
Despite all the political and international issues that seem to affect the price, bitcoin remains in the last impulse of Elliott wave 5.
According to the Elliott Wave theory, wave 5 could end with a major absorbing candle, especially if the daily candle closes above $36,000 today.
We are in the buy zone for the next 30 days, within a daily chart and a weekly chart the price will look for $46,700, this is the most important zone since if at these prices Bitcoin has a significant rejection we could be talking about a bearish trend within a weekly chart, at the moment the trend on a weekly chart is bullish and we will have a trend reversal on the daily chart.
Good luck!! See ya!
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