With the -D scenario weighing on BTC, along with falling out of the upward facing wedge-like pattern, it looks bearish in the short term with support at .236 and .382 as the likely stopping points. This should set up for a blow off top into the later part of the year, aligning with a potential 4 year cycle top. Wave 3 is already longer than wave 1, so there's no limit as to how high it could go in the final wave.
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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.