I adjusted 2nd trend line according to support/resistance levels.
I think price trace historical wave 4. Wave 5 top would be above $20k. Probably, even above $100k.
Price may start climbing 5th wave either right now or after doing another low - not less than $3300. Hitting lower zone would invalidate bullish long term count.
I think price trace historical wave 4. Wave 5 top would be above $20k. Probably, even above $100k.
Price may start climbing 5th wave either right now or after doing another low - not less than $3300. Hitting lower zone would invalidate bullish long term count.
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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.