As you can see, Bitcoin is still struggling to break above the
65K level. If it continues to deviate, I believe we will experience a minor pullback of 1-2 within the sub-micro degree of wave 2. However, this would still be considered a bullish correction.
Trapping longs around
65K is a known manipulation technique, but I believe that once we complete this 1-2 pullback, we will see a strong rally to the upside.
Trapping longs around
Trade active
follow up charts will be postedDisclaimer
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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.