Bitcoin remains firmly in a downtrend, and I believe we have only completed waves 1 and 2 of a five-wave sequence.
The projection on the chart is for illustration only and should not be used as targets.
Wave [A] was a diagonal (not sure if it was expanding or contracting), so I expect wave [C] to manifest as an impulse.
The projection on the chart is for illustration only and should not be used as targets.
Wave [A] was a diagonal (not sure if it was expanding or contracting), so I expect wave [C] to manifest as an impulse.
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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.