BTC is still making corrective pattern however like I discussed in my previous post this whole pattern could be WXYXZ. Z wave still has more leg up left if thats the case.
Watch a for bull break from this consolidation for a long to 7100.
I'm still expecting a new low to be formed after this WXYXZ completes.
Watch a for bull break from this consolidation for a long to 7100.
I'm still expecting a new low to be formed after this WXYXZ completes.
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Taking off Note
More consolidation, expect a break to upside. Note
a lot of indecisive at the moment, corrective structure can get very complex like this. If its starts breaking down, I would expect something like this
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this just one of the ways it can go. The possibility and breakout up and continuation to 7100 is still possible. Watch for either a bull break or bear break. Because we can go both ways from here. I don't see big dump coming right now, we are still in consolidation and it can very complex.Note
I think this will be the reversal impulse to 7k watch for breakout -
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Got a nice impulsive move to 6600. Expecting a bigger consolidation and then more upside to around 7100. Note
This was the kind of correction i was looking for. Breakout from this corrective structure will take us to 7100.
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We got another push but not looking good atm. From here we can do a bigger correction and then make another leg upto 7100.
Or we can break down and start consolidating below the trendline and start moving down.
At this point both scenarios are possible so watching not entering any new positions.
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scenario 2 - 
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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.