BITCOIN - Intraday Update - 12/09/20 (Short-term)
Outlook: Expecting BITCOIN to recapture its $19915.14 high and beyond. Breaking above $19299.51 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $19915.14 signals the second wave consolidation is complete, and the move puts BITCOIN back on track to challenge the next upside hurdle. The bulls are in control while $9813.00 - Wave (ii) - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Outlook: Expecting BITCOIN to recapture its $19915.14 high and beyond. Breaking above $19299.51 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $19915.14 signals the second wave consolidation is complete, and the move puts BITCOIN back on track to challenge the next upside hurdle. The bulls are in control while $9813.00 - Wave (ii) - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
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