Bitcoin fell head over heels – not in love (or did it?) but rather into the magenta zone between $24055 and $18897. There, it still has more room to finish wave v in magenta – ideally in its lower third. Then, Bitcoin should take off its rose- or rather magenta-colored glasses and head upwards, crossing the resistance at $26591. However, there is a chance that Bitcoin could drop through the magenta zone and continue the descent instead.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.