BTC Could Be Nearing a Strong Move Up.
It appears as though either the green (4) or red (ii) are playing out. We should start with a strong wave (3) up “soon”. My only concerns are, BTCUSDSHORTS are EXTREMELY low, which is typical of a top.
Failure to hold $7323, the previous low, would negate the above, short term at least. That said, we are still in a bull market.
This is really just a continuation of my previous charts, if you are looking for long-term projections and Fib Extensions.
Failure to hold $7323, the previous low, would negate the above, short term at least. That said, we are still in a bull market.
This is really just a continuation of my previous charts, if you are looking for long-term projections and Fib Extensions.
Trade closed: stop reached
Still bullish long-term (THE low being ~3K) but will have to wait,
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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.