BTC trend analysis
In a triangle correction, price action remains sideways with 5 waves
each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines.
If this plays out like I illustrated then we will see BTC at 21K level.
If there is upside breakout then price will head higher.
The best part is wave 4 is still valid even if we reach those lows.
each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines.
If this plays out like I illustrated then we will see BTC at 21K level.
If there is upside breakout then price will head higher.
The best part is wave 4 is still valid even if we reach those lows.
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.