javrick
Long

BTC Downtrend still in progress - what's next

COINBASE:BTCUSD   Bitcoin / Dollar
Here is my EW analysis on where COINBASE:BTCUSD             is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal confirmed, expect about an 8-10 day bull run for COINBASE:BTCUSD             to return to widely popular, stellar             prices above $16,000.

Hope this analysis is insightful. Eager to hear your thoughts. Feel free to reply below with your feedback.
Hey thanks for this. Do you think BTC will keep going up to 12800k and then comes down to 8k? What will determine whether BTC won't have a last correction or come down?
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cant read those letters on the chart man
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javrick Easwhat
@Easwhat, Sorry, they looked big on my screen. The screenshot makes them look much smaller. Thanks for the feedback. Will increase the font size next time.
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