Bitcoin / TetherUSUpdated BTC Wave E or 1 or still not done?
Maybe BTC -0.97% just completed W1 of an impulse up, or maybe it just completed E of a descending wedge , or maybe the current bull run still isn't finished and there's more upside left before a major retrace. I'll be waiting to see if this current support is broken and then to see if support around 50-61.8% retrace holds.
If it doesn't hold I'm expecting a retrace back down to the lower trendline of what I have labeled as a descending wedge .
If it doesn't hold I'm expecting a retrace back down to the lower trendline of what I have labeled as a descending wedge .
Note
Maybe it was wave E and now we go up? Seems unlikely at this point but who knows. Will look to see if the lower descending trendline is broken again.
Email me at afooltbs@gmail.com if you wanna check out my discord server. Mostly dead but lots of good info!
-Brett
-Brett
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.
Email me at afooltbs@gmail.com if you wanna check out my discord server. Mostly dead but lots of good info!
-Brett
-Brett
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.