btc update
Hi, based on EW and some other patterns btc made 5 waves from low and it could be that bottom is in (blue scenario) + there is also inverted head&shoulders .....but, that 5 waves could be part of flat correction (red scenario) so we have to be careful.
So, this we could rise a bit more and then we have to watch what would fall look like...if it will be A-B-C and not falling much below h&s neckline that would be bullish (blue scenario). If it falls impulsively then we could expect visiting 26-24k where should be bottom after which i expect 50-80k.
Cheers!
So, this we could rise a bit more and then we have to watch what would fall look like...if it will be A-B-C and not falling much below h&s neckline that would be bullish (blue scenario). If it falls impulsively then we could expect visiting 26-24k where should be bottom after which i expect 50-80k.
Cheers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.