Short
5 Waves Down in BTC Short-Term Target of $28k
BTC is looking not so good these last few days and is closing below critical bull market line support from back in October 2020. We could see a 5th wave down to $28k today.
Let's re-evaluate from there as we will likely find a bottom in the next few days but it could get ugly... Currently BTC is in a Bear Flag pattern on 1H candles as well... currently breaking down:
Let's re-evaluate from there as we will likely find a bottom in the next few days but it could get ugly... Currently BTC is in a Bear Flag pattern on 1H candles as well... currently breaking down:
Note
Here's the 5th Wave extension target .... 1.618:
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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.