BITCOIN – 4H UPDATE ✨

Bitcoin – 4H UPDATE ✨

Bitcoin / TetherUS BINANCE:BTCUSDT

Altsignals

Following on from our last Bitcoin analysis, we saw a nice breakout. We are now in the impulsive phase (wave 3). Wave 3 has 5 subwaves and we are currently on the 4th subwave which is an ABC wave. This wave shouldn’t go beyond wave 1 structure level – gives us a clear invalidation level.

Trade Idea:
– Wave 4 is often an ABC wave
– Watch for breakout
– Invalidation is the wave 1 structure
– Short term targets: 46k , 49k

Goodluck

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