Hey Everyone,
We see the Alt market is on fire right now... with all the left for dead coins having a very encouraging surge as of lately.
We See Tezos going up quickly as an Eth competitor, one of my recommendations here: https://www.publish0x.com/the-infinite-banker/my-under-the-radar-crypto-pick-xmkglmd
But the question is... Big Bitty down for the Count?
Not yet is you refer to my article this morning https://www.publish0x.com/the-infinite-banker/trading-bitcoin-time-to-get-position-for-a-trade-xomkvkm
We are looking for 50 to 58k. More likely 58k and that could be pushed up if a feeding frenzy were to occur.
Explanation of the TA
We see an ABC zigzag correction that looks to be exhausted with the yellow C wave being the extended wave.
Waves i and iii are about the same length in price which means wave v will be the short wave meaning Bitcoin's correction should be very close or has completed...
Evidence to support wave count
On the Left, we see fib retracement and we hit the most common for a fourth wave correction which is 38.1%... 50% is also common but less likely in a raging bull...
The orange descending resistance lines are key for breakouts...
We seen bitcoin breakout of the first orange line and then literally went back down to test it in a wave v with a clear divergence between waves iii and v on the rsi with mac d confirmation.
Targets
50K, 58K, ????
As I said in a previous article... THE BITTY TRAIN IS LEAVING TO STATION!!!!!!! https://www.publish0x.com/the-infinite-banker/all-a-board-the-bitty-crazy-train-is-leaving-the-station-xqkvyoo
https://www.publish0x.com/the-infinite-banker/you-will-now-be-chasing-price-blast-off-bitty-xvwpjvg
To Decentralized Freedom!!!
