BTC - Contraction Triangle
Updated
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 🧐.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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