Based on my analysis, bitcoin is now in sub wave 5 to complete major wave 4.
I expect the price to complete the decline cycle in the TP3 zone or in the 423.6 fibo level zone which I highlight in the yellow box.
If you look at AO, the divergence between the two valleys has formed but is still not completely complete.
I expect AO to be a minor valey next.
I expect the price to complete the decline cycle in the TP3 zone or in the 423.6 fibo level zone which I highlight in the yellow box.
If you look at AO, the divergence between the two valleys has formed but is still not completely complete.
I expect AO to be a minor valey next.
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The above analysis still applies.TF 15 minutes formed bearish hidden divergence.
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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.