BTC End of correction!!! ??? :)
I took the Fib Retracement of the entire structure , a 5 wave count down from a ABC uptrend. Downward wedge pattern and previous resistance line from November. Hopefully we see the parabola come soon!
I also take into account Chinese New Year and possible China money coming back into the market after the February 14th New Year.
Volume is low and market cap is 379 billion, down from 7 billion in early January.
Happy for a healthy correction and for a positive year of growth in crypto!
I also take into account Chinese New Year and possible China money coming back into the market after the February 14th New Year.
Volume is low and market cap is 379 billion, down from 7 billion in early January.
Happy for a healthy correction and for a positive year of growth in crypto!
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.