Hello friends
Especially those who are new members (welcome)
In the digital currency Bitcoin, after a sharp rise and the formation of a range zone, we saw a drop in the price of Bitcoin.
Today we want to check whether this drop continues or not?
If the answer is yes! How far?
We see a corrective pattern on the daily timeframe.
This pattern is flat with a long wave C.
The structure of this pattern is 3-3-5.
Wave C is 5 waves. Now we are in wave 5 and we are waiting for a slight increase in the price to the $ 86,500 area and then the price will drop to the $ 73,500 area.
This area is a static support and we expect a reaction at this price.
Good luck and be profitable.
Especially those who are new members (welcome)
In the digital currency Bitcoin, after a sharp rise and the formation of a range zone, we saw a drop in the price of Bitcoin.
Today we want to check whether this drop continues or not?
If the answer is yes! How far?
We see a corrective pattern on the daily timeframe.
This pattern is flat with a long wave C.
The structure of this pattern is 3-3-5.
Wave C is 5 waves. Now we are in wave 5 and we are waiting for a slight increase in the price to the $ 86,500 area and then the price will drop to the $ 73,500 area.
This area is a static support and we expect a reaction at this price.
Good luck and be profitable.
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.
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.