Hello everybody
Let's take a look at a bitcoin analysis.
Now we broke out of the triangle bullish and could position ourselves above the 50EMA. This is a bullish sign as we have failed several times on this zone in the past.
Now we are currently in the formation of the 4th wave we assume the point A (38er fibunacci) take out.
If this happens, we will soon complete the 4 wave and start with the final wave.
The 50s, 61s and 78s Fibunacci must be kept in mind as we encounter strong resistance zones there and are potential turning points for me.
However, this must be confirmed with appropriate reverse candles from the market participants.
If we go higher and take out the 7300, I am convinced that the bear market is over.
However, we find a lot of support in the near future which is why I'm pretty sure the bleeding out of the market is not over yet.
This year will be very interesting for the crypto market in general as important decisions have to be made (Bakkt, ETF ect.)
Good trade and enjoy the way
logindaten
Let's take a look at a bitcoin analysis.
Now we broke out of the triangle bullish and could position ourselves above the 50EMA. This is a bullish sign as we have failed several times on this zone in the past.
Now we are currently in the formation of the 4th wave we assume the point A (38er fibunacci) take out.
If this happens, we will soon complete the 4 wave and start with the final wave.
The 50s, 61s and 78s Fibunacci must be kept in mind as we encounter strong resistance zones there and are potential turning points for me.
However, this must be confirmed with appropriate reverse candles from the market participants.
If we go higher and take out the 7300, I am convinced that the bear market is over.
However, we find a lot of support in the near future which is why I'm pretty sure the bleeding out of the market is not over yet.
This year will be very interesting for the crypto market in general as important decisions have to be made (Bakkt, ETF ect.)
Good trade and enjoy the way
logindaten