Bitcoin finished a 5 impulsive wave and now is in its C wave of a corrective ABC formation.
The C wave should finish between 1 and 1.618 fib level of wave A (as marked in the chart).
We can see the right shoulder of a head and shoulders reversal pattern (wave B).
The C wave should finish between 1 and 1.618 fib level of wave A (as marked in the chart).
We can see the right shoulder of a head and shoulders reversal pattern (wave B).
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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.