It looks like a big ABC Elliott wave pattern has already been fully implemented. The price dropped to the level of fib 0.618 and support in the 8000 or 6500 areas expected.
Note
BTC still under pressure. Retrace up to 10000 likely be short-living. Note
Bullish divergence on 4H timeframe. Likely, we'll see some bounce. A move above 9500 opens way to 10500.Note
Bottom at 6000 - gooood. May be not temporary:Note
Moving according to the plan. The higher the price, the greater probability to turn up the trend.Note
Above 9600: targeting 10500 and new higher highs
Related publications
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.
Related publications
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.