The blue line represents the BTC-chart from end of may to june. The current trend follows the old trend very closely, so keep an eye on it!
This chart is based on an older private idea I published two weeks ago. I link it for you down below.
Picture of end may - june:
This chart is based on an older private idea I published two weeks ago. I link it for you down below.
Picture of end may - june:
Note
You can clearly see the ascending wedge which is probably going to break the upward trend. I created this picture yesterday before the first Elliot triangle wave formed. Now it is formed, we broke the ascending triangle and I drew some possible outcomes.
Orange: We break out of the ascending wedge to confirm the upward trend. From there we can either go up or as shown above the try might fail and therefore start the short term bear market.
Red: We don't break up out of the ascending and start the short term bear market to sub $3000
Note
We are well on track. Next target: $4450.
Note
Possible outcome for the next two weeks.
Note
You can follow the chart from above in this private idea:<deleted>
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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.