BitcoinLong
BTC: 5 Waves
Assuming BTC were to follow this 5-wave pattern, we should see a relief rally soon to the mid 30K range (33K - 37K) followed by a final fall to 22K - 24K which would be near the 200W SMA (common bear market bottom).
If that upper trend line gets broken sooner, then this would be invalidated.
If that upper trend line gets broken sooner, then this would be invalidated.
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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.