Beginning a new rally based on the wave 5

5 Feb 2022

Bitcoin has recently broken its trend with a strong daily strong candle. If it stabilizes above the downtrend line (red line), it can temporarily start a new uptrend rally. According to my research, wave 4 correction can end in the form of a triangle that we are currently in D branch. I have shown the future trend of Bitcoin as shown. The following analysis is the result of hours of research, but my attempt has been made to display the chart simply. I am waiting for your comments.