#BTC Continuation of downtrend
Just a quick play with the Elliot Wave tools.
I'm thinking that we could be in the midst of an ABC correction before resuming the downtrend.
I'm thinking that we could be in the midst of an ABC correction before resuming the downtrend.
Order cancelled
So Bitcoin busted out to the upside. I still don't think we're out the woods as on the 4 hour, I could see a price pathway that climbs to c8500 before one final 5 wave descent. Time will tell.
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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.