After Bitcoin's price fell below the baseline support there are 2 more levels that serve as support, and I expect the wave E to end on one or the other. The first level is the blue line which is the triangle support in which the correction is and price wise at 7000$, and second is an unconfirmed baseline support 2 at 6573$. So if the price gets into this range I would look out for a sign of a trend reversal, and what I have drawn with a brush is something like I am expecting - a quick dip and a strong bounce after, similar to what happened on prior bottoms at the end of wave A. After that happens I am expecting the movement to the upside.
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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.