Bearish count for BTCUSD.
This count envisions an ending diagonal to complete the b wave of an ABC zigzag.
Wave a was a large, expanding, leading diagonal, wave b was a double-three.
For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action.
Certainly strong risk/reward opportunity for shorts.
This count envisions an ending diagonal to complete the b wave of an ABC zigzag.
Wave a was a large, expanding, leading diagonal, wave b was a double-three.
For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action.
Certainly strong risk/reward opportunity for shorts.
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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.