Bitcoin / TetherUSShort
Bitcoin
Hello and a warm welcome to this analysis on BTCUSDT
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000.
The view would be invalid if it prints a new high.
Short on rallies accordingly.
On daily time frame we can see
5 waves down - Wave A from APRIL 2021 to JULY 2021
followed by
Corrective abc up - Wave B from JULY 2021 to NOV 2021 which looks like a double top/horizontal B
then another
Minute impulse down - Wave 1 of C
currently it appears to be making Wave 2 of C which could retrace till 62000-64000 to be followed by Wave 3 of C down till approx 43000.
The view would be invalid if it prints a new high.
Short on rallies accordingly.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.