Hi traders,
BTC is potentially at a critical level. This is a brief analysis what we might expect next!
Happy trading!
BTC is potentially at a critical level. This is a brief analysis what we might expect next!
Happy trading!
Trade active
We can now complete the wave count of the previous wave. As expected BTC broke down from the resistance and we are now looking for an ABC wave to unfold. Once we have the first 5 sub-waves, we may be able to begin measuring the next moves. Expect ranging in this area and possibly a drop to the .5 - .618 retracement.Trade active
Updated ABC with potential zones for a bounce. 
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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.