BTCUSD - the third wave is coming soon
One of the main scenarios for BTCUSD has assumed an inverted head and shoulders pattern. Within this scenario, the price could fall to 6900 USD area as a support level and the bottom of the potential left shoulder.
However, the market is still above 9000 USD and in the one week, the time equality is going to the end. The current correction looks like potential flat correction as a wave “ii”. According to time and wave analysis after the next week, the market may rise as a wave “iii” within wave “3”.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
However, the market is still above 9000 USD and in the one week, the time equality is going to the end. The current correction looks like potential flat correction as a wave “ii”. According to time and wave analysis after the next week, the market may rise as a wave “iii” within wave “3”.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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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.
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.