BTC has just reached its short term target, marked by a dotted green line.
Before doing that it cleansed all the stops down to the green support level, as marked in the next drawing.
With the stops from the green support out of the way there is not much which prevents the price from going for the orange support. And after that for the pink support. At which point a mid term target, marked with a dotted orange line, will be reached.
It will be the end of a minute wave 5. And the begin of a regressing orange trend section, which will make the price bounce up again.
Overview price targets:
- short term: cannot be given yet
- mid term: dotted orange line at 5400
- long term: dotted pink line at 4200