Without looking at the technicals, the sentiment surrounding the economy and world is very bearish as of current. Looking at the charts, we can see a possible abc count playing out, with the rising wedge making up the b to the correction. If the wedge breaks down and the fed stop quantitative easing I believe we will hit previous lows and lower of around 14000 which is a 61.80 % retrace of the this market cycle.
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- 6 Years Trading experience.
- ABE Level 5 Diploma in Applied Financial Trading
- High Volume OTC Bitcoin Broker
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Trimmer Trading
- 6 Years Trading experience.
- ABE Level 5 Diploma in Applied Financial Trading
- High Volume OTC Bitcoin Broker
- 6 Years Trading experience.
- ABE Level 5 Diploma in Applied Financial Trading
- High Volume OTC Bitcoin Broker
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.