Bitcoin Bullish Perspective, IF....
Actualizado
Now I want to talk about bullish perspective for bitcoin.
As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3 IF 6100 level doesn't broke.
IF this is the beginning of wave 3, I can see the target is often at 1.618 fibonacci extension at 10500.
Let see how the market moves, accumulate bitcoin and alts are very good for now I think. Q4 is coming, and we will see a fireworks on upcoming months.
Happy trade, play safe! :)
As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3 IF 6100 level doesn't broke.
IF this is the beginning of wave 3, I can see the target is often at 1.618 fibonacci extension at 10500.
Let see how the market moves, accumulate bitcoin and alts are very good for now I think. Q4 is coming, and we will see a fireworks on upcoming months.
Happy trade, play safe! :)
Nota
For now, I'm not sure bitcoin gonna move up because the momentum is not quite interesting to see, as it near 100 from SRSI on 4H timeframe. My projection, bitcoin need to makes one more retrace to build the momentum, as can you see in the picture below.
But, still just a projection, everytime it can change as the market moves.
I will keep this updated.
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