Hello Traders. There are two possibilities for bitcoin from my perspective.
1.- Price must meet corrective Sub Wave C as part of Wave Z. A complex triple combination correction
2.- Wave Z has already been fulfilled with a Zig-Zag. We are now in new Wave 1 to search for new historical highs (There was a channel break)
3.- Formation of a Bearish Bat Harmonic Pattern
In this analysis I decide on option 1. If I am wrong, it is part of trading to make a mistake and we will ride the new bullish wave.
I wish you have an excellent trade.
If you liked it, give me a Like. Thank you
1.- Price must meet corrective Sub Wave C as part of Wave Z. A complex triple combination correction
2.- Wave Z has already been fulfilled with a Zig-Zag. We are now in new Wave 1 to search for new historical highs (There was a channel break)
3.- Formation of a Bearish Bat Harmonic Pattern
In this analysis I decide on option 1. If I am wrong, it is part of trading to make a mistake and we will ride the new bullish wave.
I wish you have an excellent trade.
If you liked it, give me a Like. Thank you
Trade active
The price is reacting in the reversal zone 1. Let's stay tuned. Trade active
+2900 PIPS and counting...
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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.