Observations
For informational purposes only and not deemed as financial advice
- ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory.
- Impulse wave anticipated with wedge formation on Wave 2.
- If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves.
- If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead.
- Target price points are 50000 and 62000 satoshi respectively if breakout upwards is confirmed.
- Wave projections do not indicate time at which price targets would be met.
For informational purposes only and not deemed as financial advice