Hi , Last week bitcoin pass 10000$ and stay above that for 1 day.
This week market start a new correction wave .there is 2 scenario:
1- 9700$ is the end of Wave 4(Blue)
2- 9700$ is the end of Wave A(Yellow) and we should wait for more retrace
If scenario 2 take place we should see a Head & Shoulder pattern, so the end of wave 4(Blue) should be around 9500$
This week market start a new correction wave .there is 2 scenario:
1- 9700$ is the end of Wave 4(Blue)
2- 9700$ is the end of Wave A(Yellow) and we should wait for more retrace
If scenario 2 take place we should see a Head & Shoulder pattern, so the end of wave 4(Blue) should be around 9500$
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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.