BitcoinShort
Bitcoin is looking to take out its recent lows in the next weeks
This recent bounce has been playing perfectly like an ABC correction. The C wave will soon hit 100% of the first, which lines up with the top of the 4 wave on the way down. ~6510-6520. The RSI is also very high on the one hour, and could easily bearishly diverge on a 5th wave upward. I expect the next large stopping point is 51-5200.
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.