BTC stalled at 35K which is acting as a resistance.If it fails to break 35k,
BTC dips 18 to 19K.If it reaches 42k, will likely reverse and dips 10 to 12K level like we previously projected on its wave count.
To invalidate these scenarios, it needs to break above 42K.
42K is a very significant level in the long term perspective.
A close above 42, means long term down trend is over.
Rejection at 42 means elliot wave count is playing out.
Long term analysis is leaning to another 12345 wave dip upon reaching 42.
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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.