A new lower low and the downtrend continues..
Bulls needed to remain above $6500 to keep valid the thought of an impulse wave to the upside. They failed.
My downside targets are somewhat arbitrary but I expect we will make our way down to the yellow trendline and complete the 535 correction I've been on about since march :)
Bulls needed to remain above $6500 to keep valid the thought of an impulse wave to the upside. They failed.
My downside targets are somewhat arbitrary but I expect we will make our way down to the yellow trendline and complete the 535 correction I've been on about since march :)
Note
btc broke thru the line but i still expect to see a wave 5
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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.