The ABC correction looks complete here. I wouldn't be surprised if btc break downs.
The C wave is most likely truncated giving the contracting flat type structure.
wait for breakdown and correction for short trade setup.
The C wave is most likely truncated giving the contracting flat type structure.
wait for breakdown and correction for short trade setup.
Note
This is looking a lot like contracting triangle. The waves appear to be in the same degree to each other and all of them are very sharp. MACD is also forming triangle pattern
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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.