Update from last analysis:
We didn't get the confirmation we want after that huge shooting star candle, but...
make no mistake, we barely retrace to 0.382 ($174), which is only wave A.
Now we're in a continuation pattern (symmetrical triangle, wave B) that could break to either side.
Considering BCH also rely on BTC's movement, I'm leaning more to the downside, which mark wave C.
Please proceed with caution!
We didn't get the confirmation we want after that huge shooting star candle, but...
make no mistake, we barely retrace to 0.382 ($174), which is only wave A.
Now we're in a continuation pattern (symmetrical triangle, wave B) that could break to either side.
Considering BCH also rely on BTC's movement, I'm leaning more to the downside, which mark wave C.
Please proceed with caution!
Trade active
Update from last analysis:
Trade active
BIG bounce will happen any time now
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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.