Two scenarios
1. Return from 34000 to 38000 opens way to higher highs.
2 Likely, wave bc is underway, strong support @32000...28000 area.
2 Likely, wave bc is underway, strong support @32000...28000 area.
Note
On daily chart:Note
Good news: abc pattern of Elliott Wave IV completed. The bottom of wave IV expected @29000...28000 area.
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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.