BTC Corrective wave nearing end
Updated
Analyzing BTC price movements from the top as corrective waves A,B,C,D,E. The small red box is where I anticipate our higher low to end up. I believe the next few days are crucial in determining overall game plans and hoping for the higher low scenario to play out, as opposed to a new low... If downward E slope breaks through the positive support slope then it leaves a lot for the bears to work with, as there's a lack of support after 65 and 6k. This set up has been playing out well for the last 2 months... Again, I expect a trend change to happen in the coming 3-10 days. 68/69 as my lower high prediction, hopeful for a 7k low to hold, but not confident the wave is over until we touch that positive support slope inside the red zone.
Note
Support slope obviously failed... watching the low red zone for the next weeks to see if support holds.
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.