Bitcoin / TetherUS
Updated

BTC USD Double combo correction with ending diagonal?

145
Maybe this correction is almost over and BTC 0.21% is printing a double combo ending in a diagonal. If so I'd expect one more run down here to stop at the lower trendline and then probably flat for a while before starting the next bull market.

I'm waiting to see if we break out here and complete what could be a bull flag . If so I might buy the breakout. If we don't break out, I'll wait to buy at slightly above the lower trendline of the descending wedge .
Note
snapshot

Waiting to see what happens if/when we test trendline of this expanding triangle.
Note
Maybe the log trendline is in play and we'll see a final run up to 7.9-8 before a reversal:

snapshot

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.