Looking at the new formation BTC is making higher lows and lower highs. Using retracment theory we have hit all the key support levels to make a move up. I see two scenarios.
1. We break down to lower trend line to finish the corrective wave count and give a massive opporunity for entry.
2. We break up and have a solid retest of resistance before breaking the 8400 resistance and making our way toward 10k
1. We break down to lower trend line to finish the corrective wave count and give a massive opporunity for entry.
2. We break up and have a solid retest of resistance before breaking the 8400 resistance and making our way toward 10k
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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.