It seems BTC completed wave 3 and starting the corrective wave 4.
BTC may retrace to 21.7K area and possibly form a ABCDE pattern.
If ABCDE eventually give us a falling wedge. That could launch a final wave 5.
SHORT to 21.7
TP1: 21800
TP2: 21400
This pump cycle could end at wave 5 top: 25200
Happy trading!
BTC may retrace to 21.7K area and possibly form a ABCDE pattern.
If ABCDE eventually give us a falling wedge. That could launch a final wave 5.
SHORT to 21.7
TP1: 21800
TP2: 21400
This pump cycle could end at wave 5 top: 25200
Happy trading!
Note
2023-1-29 updata:It seems we are completing a ABC in WAVE B
Note
No, we are not coming down. The downward ABC is invalid.It seems we just had a ABCDE corrective WAVE 4, AND we are starting a Wave 5 already. The price breaks the upper resistance line.
LONG!
TP: 25600
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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.