BTC 28K?
hard to see any other option yet, since they broke all strong supports like its nothing
the impulse down since 65k seems not done yet
where we tought it was end of 5 way down, its actually just big 3
these whole week sideway up and down was triangle correction 33333
and the first leg of finishing of 5 wave for bigger wave 5 was done, and retrace at 40% near 50% level for wave 2, which if this first leg or wave 1 for impulses wave down we're going to hit 30-31K as wave 3
and wave 5 on 28k
the impulse down since 65k seems not done yet
where we tought it was end of 5 way down, its actually just big 3
these whole week sideway up and down was triangle correction 33333
and the first leg of finishing of 5 wave for bigger wave 5 was done, and retrace at 40% near 50% level for wave 2, which if this first leg or wave 1 for impulses wave down we're going to hit 30-31K as wave 3
and wave 5 on 28k
Note
we can be bounced here
this is the other option i see now
where 2 is flat correction.. good for beartrap
Trade active
if we cross 39.500 (C wave)
this triangle pattern will be invalidated..
if not
we might continue down to the wave 5
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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.