BTCUSD: Signs of the next increase
Updated
The H4 BTCUSD chart is still showing a steady sideways movement, with the accumulation price range holding steady. We've recently observed a bearish reversal pattern known as the bearish Wolfe Wave. When point 5 of the Wolfe Wave pattern is reached, it signals a potential price reversal according to the Wolfe wave theory. In this instance, point 5 aligns with the price frame boundary, further increasing the likelihood of a reversal.
Note
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.