Bitcoin (and other cryptos) made a nice spike up since the potential bottom in December.
This move might be the first of a potential big rally.
Right now we can count a big wave up followed by an ABC move down where wave C is an Ending Diagonal.
This suggests price should go higher from here.
Notice also that Bitcoin is inversely correlated to stocks and a Sell off might imminent.
If that's the case and stocks start to fall, we should see cryptos take off.
This move might be the first of a potential big rally.
Right now we can count a big wave up followed by an ABC move down where wave C is an Ending Diagonal.
This suggests price should go higher from here.
Notice also that Bitcoin is inversely correlated to stocks and a Sell off might imminent.
If that's the case and stocks start to fall, we should see cryptos take off.
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We got a nice spike up. Now looking for 3800. Before any significant pullback.
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Alright, we broke the upper channel line.
Things start to look good for cryptos.
Things start to look good for cryptos.
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The sunday's sharp decline suggests a three wave (abc) correction. If we see a sharp move above 4120, bulls will have their way.
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Getting ready to go up again
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Hidden Divergence building on 4H suggests more upside is coming.
I expect one more push lower first.
If price goes above 3770 we will see price go up.
And with it, as always, other coins will follow.
I expect one more push lower first.
If price goes above 3770 we will see price go up.
And with it, as always, other coins will follow.
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