BitcoinUpdated Bitcoin (BTCUSD) Price Trend Update
Previously, I called for a pullback within the rising trend with some 6%+ profit potential. The trade was a winner: 
The question, whether a cyclical top was formed @6180 is still on the table. To my mind, we need to see the price break beyond this minor pitchfork to confirm a larger correction is under way. That is, the break of $5420 (roughly) signals more selling towards $4960. This may be another 8% deal. There is still possibility for another all-time high under extended 3rd wave scenario.
The question, whether a cyclical top was formed @6180 is still on the table. To my mind, we need to see the price break beyond this minor pitchfork to confirm a larger correction is under way. That is, the break of $5420 (roughly) signals more selling towards $4960. This may be another 8% deal. There is still possibility for another all-time high under extended 3rd wave scenario.
Note
BTCUSD targets $6100 again.
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Telegram: t.me/NixTrading
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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.
Агент-аналитик: t.me/NixAgent
Сервис: NixService.net
Telegram: t.me/NixTrading
Сервис: NixService.net
Telegram: t.me/NixTrading
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.