Another look at Bitcoin , which is consolidating over the prior week. It is possible the impulsive wave 3 has completed , and now watching for a retracement to the .318 or .50 level .
If this were to take place, it may provide an opportunity for a long. The target would be beyond the wave 3 high towards the monthly extreme of R5.
The point of invalidation would be a break of the monthly pivot.
Risk Reward is favourable :)
If this were to take place, it may provide an opportunity for a long. The target would be beyond the wave 3 high towards the monthly extreme of R5.
The point of invalidation would be a break of the monthly pivot.
Risk Reward is favourable :)