On weekly chart, Price is returning to the 50% of the distribution range.
As expected AFter first A correction wave we currently in B correction wave trying to find the top of this wave (usually 75% of A wave correction)
This coincide with the 50% distribution range (56250$) and that is a good sign.
We expect a big sell of at this point and price to reach 20K by the end of the month.
ENjoy
As expected AFter first A correction wave we currently in B correction wave trying to find the top of this wave (usually 75% of A wave correction)
This coincide with the 50% distribution range (56250$) and that is a good sign.
We expect a big sell of at this point and price to reach 20K by the end of the month.
ENjoy
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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.