Observations: Using a line chart (on close) eliminates noise. BTC routinely retraces to 786 in all time frames. This correction was a typical ABC (B=A*618, C=A*2.0) Bears tried twice to push ABC to full extension. Bears still might accomplish full ext to 6,000 at most.
Conclusions: This is just a normal ABC correction of Bitcoin. And it is not a very severe one at that, looks done. This ''crash'' may just be wave 2(!) of 5. If this wave 2, strap in for a wave 3 space trip.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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.