BTCUSD evening update
Bear count for BTCUSD, assuming equity market crash is imminent.
Price action from Feb 2021 to June 2021 (expanded flat) would be the (A) wave of a larger expanded flat, whose impulse ended with November 2022 low (FTX collapse).
Wave ((5)) completed in March 2024 completes impulse wave starting in December 2018, and it would also be a complete a larger impulse wave starting from day 1 of BTCUSD.
Target bottom would be sub $10000.
Price action from Feb 2021 to June 2021 (expanded flat) would be the (A) wave of a larger expanded flat, whose impulse ended with November 2022 low (FTX collapse).
Wave ((5)) completed in March 2024 completes impulse wave starting in December 2018, and it would also be a complete a larger impulse wave starting from day 1 of BTCUSD.
Target bottom would be sub $10000.
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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.