BitcoinUpdated How far will Bitcoin drop?
Whether you consider the previous high a $9,980 as wave 5 or expanded corrective wave, current down-going wave has formed 5 waves structure which seems to be a cycle. I am considering this wave as wave A and have set my targets. Current bounce at $9,300 seems to be wave B. Since bears are in control right now, I am not expecting wave B to go above $9,400~$9,500. I am targeting wave C at $8,800~$9,100.
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Note
Possible bearish flagpole pattern
Note
I fib extended what it seems be 1 sub-wave of wave C to update my targets.
토미 라이브 차트 보기: litt.ly/tommytradingtv
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Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.