BTC Downtrend still in progress - what's next
Here is my EW analysis on where 
BTCUSD is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal confirmed, expect about an 8-10 day bull run for BTCUSD to return to widely popular, stellar prices above $16,000.
Hope this analysis is insightful. Eager to hear your thoughts. Feel free to reply below with your feedback.
BTCUSD is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal confirmed, expect about an 8-10 day bull run for BTCUSD to return to widely popular, stellar prices above $16,000.Hope this analysis is insightful. Eager to hear your thoughts. Feel free to reply below with your feedback.
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.