Bitcoin / TetherUSUpdated BITCOIN - You NEED To See This! ⚡️⚡️
On the higher timeframe, Bitcoin is on the 4th wave, which is an ABC corrective wave. We've seen Waves A and B and now currently on Wave C which is a 5-3-5 zigzag.
5-3-5 ZIGZAG:
W has 5 waves (follows impulsive schematic)
X has 3 waves (follows corrective schematic)
Y has 5 waves (follows impulsive schematic)
For Wave W, the 5th wave had 5 subwaves and it appears we are getting an IDENTICAL move this time round. We are currently on the 4th subwave bullish retracement and anticipating a 5th subwave bearish move.
We are expecting price to stay above 13.6K as that's where our wave 4 invalidation level is. See higher timeframe analysis below:
What do you guys think?
Goodluck and as always, trade safe!
5-3-5 ZIGZAG:
W has 5 waves (follows impulsive schematic)
X has 3 waves (follows corrective schematic)
Y has 5 waves (follows impulsive schematic)
For Wave W, the 5th wave had 5 subwaves and it appears we are getting an IDENTICAL move this time round. We are currently on the 4th subwave bullish retracement and anticipating a 5th subwave bearish move.
We are expecting price to stay above 13.6K as that's where our wave 4 invalidation level is. See higher timeframe analysis below:
What do you guys think?
Goodluck and as always, trade safe!
Note
Saveable post
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.