Long

Updated

Bounce move to 38/39k

BTC is on the move now with its C wave, I currently see it being in sub-wave 2 correction, expect a swift rise to 38.5/39k

Note

This is an alternate scenario I see with a higher bounce.

Note

There is also strong resistance in the 36.5k area from the longer descending trendline, so this area could be the first reversal chance and something to watch out for.

Note

snapshot

Note

Alternate wave count and I think more probable.

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Also on:

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.