BTCUSD evening analysis
Bull and bear counts for BTCUSD.
I think price action from 6 September 2024 to 13 November 2024 can be drawn as a complete impulse, with an extended wave 5.
If the above is true, then the question is whether price action from 5 August to 6 September (blue ellipse) is impulsive or corrective. To me, it's hard to see either a standard or leading diagonal impulse.
Bulls who missed the break to new ATHs after the election or what to add to their position would likely see price from 73016.50-83796.28 as an opportunity to enter/add.
Bears likely see a bull trap with 93423.51 as their stop and much lower prices ahead.
I think price action from 6 September 2024 to 13 November 2024 can be drawn as a complete impulse, with an extended wave 5.
If the above is true, then the question is whether price action from 5 August to 6 September (blue ellipse) is impulsive or corrective. To me, it's hard to see either a standard or leading diagonal impulse.
Bulls who missed the break to new ATHs after the election or what to add to their position would likely see price from 73016.50-83796.28 as an opportunity to enter/add.
Bears likely see a bull trap with 93423.51 as their stop and much lower prices ahead.
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.