the overall trend direction is bullish, I don't see any scenario where BTC creates a new low.
but for the short-term view, we would consolidate a bit, strong bearish divergence marking the end of wave 5 of wave 1
would post a detailed higher time frame chart below
hopefully I will update this trend as the moves unfold
but for the short-term view, we would consolidate a bit, strong bearish divergence marking the end of wave 5 of wave 1
would post a detailed higher time frame chart below
hopefully I will update this trend as the moves unfold
Note
this is the overview of what I am watching, wave 5 target hasn't been fully established, as the price unfolds new targets would be clearer
I marked out the higher tf divergence too
Note
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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.