BTCUSD Perpetual ContractUpdated Strong uptrend is about to end.
5th wave to the upside is about to end. We need to cooldown a little bit and find the real strength during the correction. 67k- 67,5K is POC during this large consolidation structure. No, I am not shorting this. I will try to catch the next leg to the upside. I draw posible levels of ABC correction to get into longs. I am excpecting top of the 5th wave about 67200. The worst case scenario for ABC correction is around 60500.
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The 5th wave was prolonged and as you can see we hit the daily lvl around 68450 to perfection. 64000- 63500 is very nice lvl to get in some longs and catch the B wave of ABC correction!! And never know maybe we catch The BTC Conference pump without significant C-wave. Taking some profit around 67200 is always a good choice!!
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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.