BTC/USD the path to 16,000 over the next month
I haven't posted since the leading diagonal completed, but here's my update. Since it's a daily chart the wave count is compressed; so, if you want to see it in more detail check out my earlier post. I'm still looking for BTC to put in a deep retracement of the move down and I plan on remaining long until either the low is taken out on the downside, or should we reach the 61.8% retracement level, I'll slowly exit up to the 78.6% level where I plan to be in cash awaiting BTC's next move.
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.