BitcoinLong
Lived in this horizontal channel for 23 hours...
Lived in this horizontal channel for 23 hours, if it exits for more than 1 candle - we're heading down.
This seems like bad news, but it's not. If it corrects to the 782 fib level ($7700) which BTC is prone to do (20k -.6k, 11.5k -> 7.2k), that means we're setting up for a wave 3 much higher, to allow wave 4 to finish higher than wave 1 ($9150).
Just make sure you layer your buys down to $7700!!
This seems like bad news, but it's not. If it corrects to the 782 fib level ($7700) which BTC is prone to do (20k -.6k, 11.5k -> 7.2k), that means we're setting up for a wave 3 much higher, to allow wave 4 to finish higher than wave 1 ($9150).
Just make sure you layer your buys down to $7700!!
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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.