BitcoinUpdated 30 minute chart
Could be the bottom
Note
optimistic on it playing out like thisNote
maybe we will visit that 6.8k area again, the ABC corrective wave is a 5-3-5(zigzag) looks like it. So this BC can be an impulse wave ie 5 subwave and it might end up at 0.618 fibo at 6.8k-ish which also has strong horizontal support.
after that ABC correction, we will have impulse wave that can go to 9k-ish probably tomorrow
i just set up a buy order at 6.9k just in case it come back there
Note
macd has crossed and RSI look like its coming down
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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.