Husain_Arkghazi

Bitcoin wave A forming an ending diagonal, more dump to come

Short
BITMEX:XBT   Bitcoin
hey guys Bitcoin continues to drop and from charts looks like wave A is forming an ending diagonal formation, which appears in normal zigzag correction, from current position it looks that we're now in wave 5 which could end up around 6900, which i've clearly mentioned in my previous XBTUSD analysis
although if we get an extended wave 5 than we could go even lower, but 6900 could be the key level for a major turning point or the beginning of wave B, so be cautious from here, personally am expecting that wave 5 will extend upto 100% of wave 3 which is around 6750.
hope this analysis will help you to make profits thankyou

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.