BTCUSD has the possibility of one more low. The last low wasnt a massive volume spike so thats why im looking one more low to shake a few more out. AB=CD completes at 12500 at around the 89% level from the ATH and the 2020 low..
Interesting couple of weeks ahead..
Note
Smaller TF and the reason im looking for that higher move first. It is looking weak in this rally..
Note
Total Market cap to get back to 1T before selling off again.
Note
If it is going to get up to the levels I was looking for it needs to stop here and make the move higher. Anything below 20200 would mean we are going lower.
Note
Still looks like we are going to get one more rally before the next leg down or this last rally was it. Below 20k again would mean its complete.
Note
Still no flush low which Im thinking will come next week with the interest rate decision.
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.