Possible moves for BTCUSD pair - A Wishful Thinking
Updated
Breakdown for red colored downtrend line rejected several times, after the 5th wave with all time high. It's obvious we're in corrective phase. I think A-B waves are over and currently we are facing with lower C. Head and Shoulders pattern fits with the Ellioth waves. Also there is no any strong resistance after de 3400's to the 3k strong resistance. I think and hope BTC will retrace to the 50 days MA approximately to the 2400-2500 range.
PS. My first TA. if i'm wrong please correct. :)
PS. My first TA. if i'm wrong please correct. :)
Trade active
Bearish flag formation. trade still active.
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