Bitcoin has been failing to break above the channel line. The structure looks like a flat correction pattern.
I am expecting Bitcoin to go down to test daily 200MA.
The best case scenario is that the price forms a double bottom at daily 200MA, completing a flat correction, then bounces back. Then it could be a nice long set-up, catching the beginning of wave 3.
For now, I am on short.
I am expecting Bitcoin to go down to test daily 200MA.
The best case scenario is that the price forms a double bottom at daily 200MA, completing a flat correction, then bounces back. Then it could be a nice long set-up, catching the beginning of wave 3.
For now, I am on short.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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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.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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.