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Bitcoin / TetherUS
Updated

BTCUSDT bearish impulse wave

314
BTCUSDT up-to-date. Price is retracing below USDT41400, which level is a limit for a impulse wave confirmation, from an Elliotician perspective. On this case, if price is rejected from this 78.6% Fibonacci retracement, we'll see a profitable leg downward to accomplish wave -3. Potential USDT40400 target, in demand zone, for this swing trade. Chaikin Money Flow below zero showing selling pressure in confluence with price action.
Trade closed: target reached
Firme
Bearish PatternsCentered Oscillatorschaikin_money_flowChaikin Oscillator (CHO)elliottwaveprojectionElliott WaveelliotwaveanalysisFibonacci RetracementsellsignalshorttradeSupply and Demandswingtrading

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.
Bearish PatternsCentered Oscillatorschaikin_money_flowChaikin Oscillator (CHO)elliottwaveprojectionElliott WaveelliotwaveanalysisFibonacci RetracementsellsignalshorttradeSupply and Demandswingtrading
Firme

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.