Looks like BTC completed 5 waves down within a channel for a wave C (wave 1 was extended). It has also completed a possible ABC correction of this move down.
I've detected a trendline suggesting BTC may see a temporary 5 wave bounce from here. I anticipate a pull back (possibly to 6075) followed by a move up.
If this happens and we see BTC break the recent high in the mid 6500 range, then 7300 would be a very valid target for wave 3 up. After this theoretical 5 wave pattern completes (possibly topping out around 8k), then I see the downtrend continuing and possibly picking up steam.
Thoughts?
I've detected a trendline suggesting BTC may see a temporary 5 wave bounce from here. I anticipate a pull back (possibly to 6075) followed by a move up.
If this happens and we see BTC break the recent high in the mid 6500 range, then 7300 would be a very valid target for wave 3 up. After this theoretical 5 wave pattern completes (possibly topping out around 8k), then I see the downtrend continuing and possibly picking up steam.
Thoughts?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.