Bitcoin's Wave Charts: 4th Wave Done, 5th Wave Surge Ahead!
Trading Lounge technical analyst Kittiampon Somboonsod said that according to Elliott Wave technical analysis, Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again.
Speaking of Bitcoin trading strategies, Kittiampon wrote: "Overall, Bitcoin is still in an upward trend."
"But this is the adjustment period of the fourth wave, which seems to be complete."
"So this is an opportunity for us to join this trend again and look for opportunities to open long positions."
In terms of technical indicators, he pointed out that the price above MA200 indicates an upward trend, and the wave oscillator is bullish momentum.
"Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again."
Source:IG
Source:IG
It is worth noting that legendary trader Arthur Hayes also put forward a signal to buy in May.
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