Hi guys, we can see that BTC is an ascending channel that got rejected at the 0.618 fib extension from the move up since the 28k zone.
bull : we go to the 54k area. This is can happen if the bull divs that are forming on lower timeframes will continue to build up and sustain the move.
bear : we go to the 42k area and maybe lower at the 36k $ area. This move should happen if we consider the EW ABC correction ( I do ) and is somewhat confirmed by the bear divs that kept forming on higher timeframes. If this is the case we should see this move in the next 3-4 days and it would present a great opportunity for buying.
Trade safely guys, this is not financial advice !
bull : we go to the 54k area. This is can happen if the bull divs that are forming on lower timeframes will continue to build up and sustain the move.
bear : we go to the 42k area and maybe lower at the 36k $ area. This move should happen if we consider the EW ABC correction ( I do ) and is somewhat confirmed by the bear divs that kept forming on higher timeframes. If this is the case we should see this move in the next 3-4 days and it would present a great opportunity for buying.
Trade safely guys, this is not financial advice !
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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.