BTC: Elliott Wave ABCDE triangle correction on the way
If everthing goes according to the chart, then it's pretty simple:
From here on, BTC goes to $3900 to $4000, then drops and breaks the triangle, possibly breaking the $3150 support (December low) and completing Wave 3.
So the entry on the short side - breaking the $3500 price level, would happen around the beginning of February (implying that BTC will hit $3900-$4000).
At the moment, as long as BTC stays above $3550, we are bullish and aim at the targets mentioned before.
Safe trading!
From here on, BTC goes to $3900 to $4000, then drops and breaks the triangle, possibly breaking the $3150 support (December low) and completing Wave 3.
So the entry on the short side - breaking the $3500 price level, would happen around the beginning of February (implying that BTC will hit $3900-$4000).
At the moment, as long as BTC stays above $3550, we are bullish and aim at the targets mentioned before.
Safe trading!
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