trendlab2

BTC low might already be in...

BITFINEX:BTCUSD   Bitcoin
Comparing the Coinbase and Bitfinex 1D Bitcoin charts shows that the current low of 5873 and 6000 respectively is a valid m4 bottom. Both downward movements add up to a total of 24 which is a multiple of 4 by way of 6. We get this by adding the points from the 3 primary waves in the Coinbase movement, 2+8+14 and the 4 primary waves in the Bifinex movement, 0+8+8+2+6. This doesn't mean that we will not see a new low, it just means that the current low is a valid endpoint for the downtrend. It may be that one chart will make a new low while the other does not since exchanges tend to bottom and top out in a slightly offset fashion. The most likely scenario at this point (in the Coinbase chart) might be that price trades over to the trendline and then breaks out above to begin a massive third wave movement that will no doubt reach new highs.

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.