Short

BTCUSD/continued updates 2

Updated

The abc corrective structure from 61k zone is being reported as a FLAT and have the potential for continuation of the downtrend.

Note

The updates are from D waves system,. D waves system is an Elliott wave identifier . This is not a financial advice. Do your own research before making any decision.

Note

Bull trap being reported by the system on lower time frame, price ATM 70338.

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The nearest target on lower time frames is 65800.

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Major trendline formed by the corrective abc channel is broken. A breakdown towards overall projection is anticipated.

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Next target 60k zone on lower medium time frame.

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as per D wave system BTC now marking an abc correction on lower low time frame and need to dump further after this 3-4k correction.

raghufx

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