BTC - March 29 - Local volatility before decline.
We have been consolidating for some time. And I think we have still more upside to come.
But the current price action and the fast decline have been too short to be a wave 4 correction. So I believe we need to go down again before more upside. A SFP of the local top and making a lower high, and not taking ATH would be a possibility.
SFP of the ATH for completing a ABC correction could also be a opportunity.
But the current price action and the fast decline have been too short to be a wave 4 correction. So I believe we need to go down again before more upside. A SFP of the local top and making a lower high, and not taking ATH would be a possibility.
SFP of the ATH for completing a ABC correction could also be a opportunity.
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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.