BTCUSD looks like it might be putting in a wave 2 ABC retracement.
A bearish head and shoulders has formed indicating a minimum low that falls to around the 0.618 retracement level for the wave 1 impulse from $6k.
A deeper retracement is still possible, to around the $7k point, as of course is the possibility that this is the C wave of the much larger ABC correction from the all time high which would put us down in the $3k-
4K area.
A bearish head and shoulders has formed indicating a minimum low that falls to around the 0.618 retracement level for the wave 1 impulse from $6k.
A deeper retracement is still possible, to around the $7k point, as of course is the possibility that this is the C wave of the much larger ABC correction from the all time high which would put us down in the $3k-
4K area. 
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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.