Hi, Bitcoin seems to have completed its short term Elliott wave 4 correction and the price action analysis also confirms that this time Bitcoin will be able to break the 120-119 resistance, I predict Bitcoin to make a new high around 127-128. Altcoins have not grown that much yet and if the price can make a reliable consolidation above 120k, altcoins will start to rise.
Trade active
still bullish , btc will pump Trade closed: target reached
If you have altcoins, you should wait. If Bitcoin can stabilize above 122k for the next few hours, altcoins will start pumping.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.