BTC USD setup points clearly towards Feb low at 5.9k. A light of hope comes from RSI being oversold, and EW pattern showing we're in a 3rd leg down.
A more pessimistic outlook is the bear point of view, which would impose a 12345 pattern down instead of ABC. This may bring us to 0.786 fib retrace from december bull run at 5.5k. The following supports would be 5k and around 4k.
A more pessimistic outlook is the bear point of view, which would impose a 12345 pattern down instead of ABC. This may bring us to 0.786 fib retrace from december bull run at 5.5k. The following supports would be 5k and around 4k.
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.
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.