BTC STILL BEARISH TO BOTTOMING AREA
The price action actually happened now has potential to hit arround 42K.
The reason Why it has big potential to happen is :
1. lower shadow not closed yet, so there is a gap
2. has a similar price action, making falling wedge --> breakout --> dump (falsebreak)
3. elliot wave now is going to wave 5 which the target is 1,272 fibonacci level
The analysis may wrong. let me know your thought
Thank you
The reason Why it has big potential to happen is :
1. lower shadow not closed yet, so there is a gap
2. has a similar price action, making falling wedge --> breakout --> dump (falsebreak)
3. elliot wave now is going to wave 5 which the target is 1,272 fibonacci level
The analysis may wrong. let me know your thought
Thank you
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.