It is possible that BTC has ended Wave B and is entering Wave C. Notice the occurrence of a lower high at Wave (2) and the chart breaks below Wave (1).
The point that Wave C should reach is where I put the Fibonacci box, but I think it's probably around 35,000 - 40,000. There is an interesting point on the chart,Support 1 Line, which the chart couldn't cross many times before.
Stoploss - 63500
Complete Wave C (Ref. Yellow Dotted line)
0.382 ~ 6 Nov 2021
0.618 ~ 12 Dec 2021
Thank you for following
Best Regard
Trader Lv. 1
The point that Wave C should reach is where I put the Fibonacci box, but I think it's probably around 35,000 - 40,000. There is an interesting point on the chart,Support 1 Line, which the chart couldn't cross many times before.
Stoploss - 63500
Complete Wave C (Ref. Yellow Dotted line)
0.382 ~ 6 Nov 2021
0.618 ~ 12 Dec 2021
Thank you for following
Best Regard
Trader Lv. 1
Trade closed: stop reached
Related publications
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.
Related publications
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.