BTC UPDATE-
Yesterday We expected fall from top of the 106500 around a fall for downward price movement was expected.
Since price has not broken to the downside as we had as a second thought.
Now looks like pattern is forming diagonal. The wave we taken as C is not performing and also broke to the upside, it looks like WXY. so the changed marking looks like this and Y wave ABC move is expected to upside. We have a support zone around. 61.8% from 104908 to 104655 if price provide us upside move from above fall & breaks 38.2% of entire fall from B than we will look to go long from support for the swing of C wave.
Lets see how it plays out.
Yesterday We expected fall from top of the 106500 around a fall for downward price movement was expected.
Since price has not broken to the downside as we had as a second thought.
Now looks like pattern is forming diagonal. The wave we taken as C is not performing and also broke to the upside, it looks like WXY. so the changed marking looks like this and Y wave ABC move is expected to upside. We have a support zone around. 61.8% from 104908 to 104655 if price provide us upside move from above fall & breaks 38.2% of entire fall from B than we will look to go long from support for the swing of C wave.
Lets see how it plays out.
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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.