Bitcoin Potential Idea
Backfilled CME gap today. If we hold this level, and get back above ~29k, I could potentially see this elliot wave sequence form (roughly).
Take out previous yearly open (46k) potentially running the macro 0.618 at around 48k, then a correction down to fill the lower CME gap / inefficiency around 20-21k.
Would also form a H&S pattern
Take out previous yearly open (46k) potentially running the macro 0.618 at around 48k, then a correction down to fill the lower CME gap / inefficiency around 20-21k.
Would also form a H&S pattern
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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.