Critically looking at Bitcoin structure and I did found some interesting count.
Finally here is my findings.
We may likely have a leg up to complete wave 4 at 5600$-5200$ zone.
Then follow with massive sell off to the last wave 5 with projected price range to be between 1200$-1500$.
On the part of the upside move, I did shared some thread about that before some of them are here:
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Hello guys,
Well same pattern kept showing on the upside view, only if market maker spoil or invalidate this, we always have our BULLISH flag pattern. Its flag everywhere.
注释
Full chart view
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More concentration focus on the Bullish flags as the price hit 78.6% level already which is a good reversal spot. flag targets is also indicated on the chart.
I believe this call required maximum patience as everything with market sentiment against the bullish view.
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Price reached the provided entry zone from my chart, the implication of this is to start accumulating Bitcoin. The drop level is not really much compare to the profit target we are aiming at getting.
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Price still within accumulation zone, the last support level for the flag still holding, let see if this can give us the maximum support to drive price upside.
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We are still at the bottom side of the flag. Price consolidating for next possible move.
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Hi guys we had the first daily candle closing with bullish body inside the flag, this is a good sign for the bull. Fingers cross let see how the trade develop. We are loaded as price already pared through our accumulation zone.