BitcoinShort
BTC - The path to $74k
Btc is well on its way to $74,000 pull back area. The path is tradeable as a short, but will have steep counter rallies. See below. Murrey Math, Elliot Wave, and Kumar Wave are being used for this analysis. After this wave is complete, I am not sure that a new high will follow immediately afterward. A more protracted 3 wave multi year bear is certainly possible taking us down to the $50 - 40k range, but I will review that more closely after the shape of this decline takes hold. I would recommend shorts for now and then buys near the 75k level.
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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.