Bitcoin is following a Yb wave pattern with wxyx z-wave pattern. Currently in the z-wave uptrend with opportunity to break the previous high of 76. On smaller timeframes, at least 3 waves are needed. Currently in wave 2 correction, with wave 3 uptrend still to come. Wait for pullback below 695 to add longs. Risk Disclaimer: This is only wave structure analysis and does not constitute any trading advice
3.25 Bitcoin Trend Analysis
Bitcoin is following a Yb wave pattern with wxyx z-wave pattern. Currently in the z-wave uptrend with opportunity to break the previous high of 76.
On smaller timeframes, at least 3 waves are needed. Currently in wave 2 correction, with wave 3 uptrend still to come.
Wait for pullback below 695 to add longs.
Risk Disclaimer: This is only wave structure analysis and does not constitute any trading advice