Bitcoin may fall down in 5 waves and this is not good! Probably we had an ABC zigzag correction to the upside with wave C hitting 1.272 fib extension (31050) of wave A with wave B an extended flat correction. Probably wave 3 from this move to the downside that started from 31050 zone is ended and we may see a correction to the upside for wave 4 into 0.382 - 0.5 fib retracement zone of the wave 3 (blue count).
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.