As we know that we have been making contracting ending diagonal waves on BTC and Wave 5 seems to have turned into extension of 3 corrective waves (ABC) so I am looking at 49-51k area as that is the key level of supply, from where the Ending Diagonal waves will play out. My target is the price range where Wave 2 is ending. Plus there lies the daily trendline which we broke in second try and it has not been retested since along with good support formed by the consolidation of BTC in that region.
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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.