Bitcoin should hold the price above 30K$ in order to remain on the bullish wave

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Bitcoin should hold the price above 30K$ in order to remain on the bullish wave

Mendenmein_Capital
2023-04-12

Massive breakout from the triangle...

The door for prices above 34'000$ and 35'000$ is now open, bitcoin should hold the price above 30K$ in order to remain on the bullish wave (iii) scenario.

As of now, we remain on our expectation that bitcoin should continue its wave (iii) until the target at approximately 35’000$ is reached. If we’re lucky, the triangle is a simple pit stop on the way to the orange 1.618 extension at 35’436$.

Due to the irrational and unpredictable behavior of triangles, I can’t make further estimations on how this breakout will play out.

Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$

# Crypto Trading Group

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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JunioR
·2023-04-12
Nice crayon graph
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Thonyaunn
·2023-04-12
Gd
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NinjaPigz
·2023-04-12
thanks
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Thonyaunn
·2023-04-12
Ok
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jgaldon
·2023-04-12
thanks
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Cclim
·2023-04-12
💪
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vcvcbc
·2023-04-12
Kk
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MsXin
·2023-04-12
k
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Dale08
·2023-04-12
👌
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YWTan
·2023-04-12
👍
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1
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ephemeral.k
·2023-04-12
ok
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BabyDoge
·2023-04-12
好的
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FSW
·2023-04-12
[微笑][微笑]
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SeanSak
·2023-04-12
like
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CK532109
·2023-04-12
OK
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Ruban5
·2023-04-12
Ok
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Ken7979
·2023-04-12
nice
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SheldonT
·2023-04-12
🤟
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siewleng123
·2023-04-12
ok
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Tony0623
·2023-04-12
k
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