The current BTC correction looks like an incomplete ABC, nearing the end of the B wave. (Only referencing the ABC for descriptive purposes. The start of this correction, at the peak of the likely 2-month long impulsive motive move, appears to have a flat making for the W of a likely WXY. So, if this is the X wave in the correction. Perhaps we're due for another leg down.)
Note
Stopped hard at 0.618. It might be wise to pull stops in close, and see if it continues down to the target.
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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.