Bitcoin price is moving in a Horizontal Channel
There are two support that can end the correction, first one is the red line and the second one is midline of the channel which are in the same area.
Both supports are important, red one is more important one.
If bitcoin break those supports then the bottom of horizontal channel will be the end of correction (The End of Wave C).
ABC flat correction was my pessimistic scenario and when the red support breaks then we can make sure that it is ABC.
- Bearish divergence
There are two support that can end the correction, first one is the red line and the second one is midline of the channel which are in the same area.
Both supports are important, red one is more important one.
If bitcoin break those supports then the bottom of horizontal channel will be the end of correction (The End of Wave C).
ABC flat correction was my pessimistic scenario and when the red support breaks then we can make sure that it is ABC.
- Bearish divergence
