There are different scenarios given in Chart Now next Wave depend upon Corrective depth of this Corrective Wave.
Accumulation at top is sign of bullish behavior.
It's Bullish View about BTC Because it has break its triangle with huge volume so i'm sure it is going to start its C wave of ZigZag formation. Fundamentally it has support of upcoming Bitcoin Halving. If you want to trade Use Invalidation point as Stop loss.
I'm personal bias to this pattern.I'm thinking it has to 1st take correction for Next Up Leg. Before this 2 Bullish Possible pattern was drawn.
BTC can also follow this pattern for Bullish ZigZag Correction, Previous Chart Mentioned different scenario.
I've seen two type of Bullish Pattern in BTC , 1st One Mention in Chart and 2nd one will update next chart and Then 3rd Chart will be possible Bearish Chart.
Looks like that it has completed its correction of 2nd wave in expended flat pattern. I'll take entry with stop loss mentioned.
It's not Financial Advice just a Analysis , Because These are Corrective Pattern but looks possible it will touch top of channel for next correction. We will open any trade until it clear its move,open and short between the trend is always risky. Only scalping can be happen. t.me/tradingheights
Its Scalping trading Signal.
If it is making Expending Leading Diagonal then it has reject by 7000-7100 to complete its E wave because me personally believe that it has one more leg down for completion of its E wave of Expending Diagonal pattern. then No One can sure about it is corrective A wave or 1st wave of Impulsive downward but due to fundamental support we can only assume this will...
As Shown in Picture Possible Scenario and Invalidation point as stop Loss
BTC is making Expending diagonal if it respect trend line support. Most probability that we should bounce for E wave because everybody think Wedge break but I've not seen any sign of volume in breakout of trend. so my personal bias is short term bullish lead to 8k because some fundamental support are present about Upcoming Halving News and we can expect big dump...
BTC is making Rising Wedge and it is going to Touch D wave or X wave for Next E or Z wave.I'm expecting one more leg up.
BTC is making correction of 4th wave we can expect one more leg Up of 5th wave before 6.6k to 6.8k, Invalidation of pattern is given in chart use it as stop loss.
Its Well known Distribution scheme in charting and technical analysis.I'm watching it and next possible move is downward after pullback 6.4k to 6.5.
Bullish Count of Wave , Break of this channel lead to new Low
BTC is looking Bullish in Short Term it is going to complete its C wave after good accumulation near resistance and 4hr 200 MA has good resistance. which is not easy to break. Close below this after touch MA and Candle become Bearish this will be reversal signal.