Bitcoin forming ABC? or a more complex correction ?
It seems that Bitcoin is forming a regular ABC correction, it tried so hard to close above $5300 area but this is a very strong resistance so far for the last 2 weeks, so we are expecting a correction. BTC shorts increased up to 14%, everybody seeing the same pattern, bearish wage, ABC correction. If there will be no positive news, a correction is imminent . Stay safe!
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This wedge pattern is playing so well
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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.