So far, my last BTC analysis is playing out nicely. Here is the update, from what i can see we are likely in completion of the wave 3 on the wave down.
This should be followed by a wave 4 that can have a healthy upwards retracement - before the final wave 5 down. Wave 4 sometimes can end up forming a triangle, or a simple abc up. Lets see what plays out. Keep in mind, wave 5 can have similarities in size to wave 1, however doesn't have to. So can we blast lower than $8500 range? Absolutely. One thing is for sure, BTC is on sale!
Limit orders FTW?
Not financial advice, just my analysis.
This should be followed by a wave 4 that can have a healthy upwards retracement - before the final wave 5 down. Wave 4 sometimes can end up forming a triangle, or a simple abc up. Lets see what plays out. Keep in mind, wave 5 can have similarities in size to wave 1, however doesn't have to. So can we blast lower than $8500 range? Absolutely. One thing is for sure, BTC is on sale!
Limit orders FTW?
Not financial advice, just my analysis.
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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.
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.