BTC breaks the pattern and Major Resistance at $45,500, we can challenge $52,000 and make the right shoulder.
If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805.
This would complete the ABC pattern.
Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish Divergence on the MACD.
Not Financial Advice.
If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805.
This would complete the ABC pattern.
Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish Divergence on the MACD.
Not Financial Advice.
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.
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.