BTCUSD appears to be forming a double three (WXY) pattern, which is characterized by a 7 swing structure. Wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences. If this correction plays out, BTC could find support in the mid-40k range at its bull market support band.
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.