BTC - Contraction Triangle
After a nice bottom catch at the 1.618 (see linked thread) BTC has pumped hard.
And now it appears that a contraction triangle is printing.
Might wobble around - I am not saying it has to pump at the apex; the corrective price action could extend
But it looks likely to breakout into the next wave up soon en route to an eventual 174K 🧐.
Not advice
And now it appears that a contraction triangle is printing.
Might wobble around - I am not saying it has to pump at the apex; the corrective price action could extend
But it looks likely to breakout into the next wave up soon en route to an eventual 174K 🧐.
Not advice
Note
Breakout! 🧐Don't forget to BOOST me up if you like this and more TV'ers will see my content - thanks 👍.
Note
BTCThe pop from the bullish conraction triangle has led to a slightly higher high into a dump.
This may signal that a Wyckoff Distribution is printing.
It may also be a bullish 3 wave continuation pattern.
But this is an area not to be over leveraged.
We may see another bearish wipeout here 🧐.
Note
Strong bounce here and if it can push up beyond the 0.786 then more likely this is a 3 wave continuation pattern to move on up 🧐.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.