BITCOIN (Near Breakout level)
What I see:
An impulsive wave from A to B
(As we already know After every impulse had a correction)
After made a high, price may correct to 50% of the impuse wave & made a low of 49000
Now here I see two things:
Take buffer of 1500 points for confirmation.
Then closing above 75300 we may see an impulsive move again which leads to price 89000
What to do:
Just wait and watch mode.
Targets: 89000, 92000, 95000, 98000
Idea got invalid if any candle closes below 48800
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
An impulsive wave from A to B
(As we already know After every impulse had a correction)
After made a high, price may correct to 50% of the impuse wave & made a low of 49000
Now here I see two things:
- Pole & Flag pattern
- BoS (Break of Structure level)
Take buffer of 1500 points for confirmation.
Then closing above 75300 we may see an impulsive move again which leads to price 89000
What to do:
Just wait and watch mode.
Targets: 89000, 92000, 95000, 98000
Idea got invalid if any candle closes below 48800
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
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