SUMMARY: Short, lost support and have reach the B wave component of an ABC correction with a target of $38k
Still bullish for BTC, I see this a a final pullback prior to a new impulsive wave higher.
BTC is still above the 55 EMA on the weekly and expect another retest of this level.
BTC Bull Cycle link below:
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Still bullish for BTC, I see this a a final pullback prior to a new impulsive wave higher.
BTC is still above the 55 EMA on the weekly and expect another retest of this level.
BTC Bull Cycle link below:
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
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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.