BTC-USDT: Triangle Pattern - Mini-Bear Before The Bull Continues
If the current downtrend continues (temporarily), we could experience a 30% retracement from the previous ATH. So if this holds, my entry point would be around 42,300 (Elliot Wave #4).
According to this model, the mini-bear will end around March 15th (Elliot Wave #4).
If the next wave (Elliot Wave #5) follows the pattern, we could experience an uptrend of about 70 - 80% to ATH between 70,251 & 75,841.
We could reach a new ATH around April 8th - 10th.
According to this model, the mini-bear will end around March 15th (Elliot Wave #4).
If the next wave (Elliot Wave #5) follows the pattern, we could experience an uptrend of about 70 - 80% to ATH between 70,251 & 75,841.
We could reach a new ATH around April 8th - 10th.
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.