BitcoinShort
expanding leading diagonal
The past week has been a tumultuous and volatile week for bitcoin, with Trump imposing tariffs and then having a 30 days' tariffs reprieve for both Mexico and Canada. Who knows what is going to happen next ?
I would label the volatile movement as a expanding leading diagonal. wave (1), with wave 5 overshooting the line from waves 1 and 3 and then retracing back 0.618 of wave (1) to form a (1)-(2) setup as depicted.
Target price of 74K USD as mentioned in the previous post remains intact.
I would label the volatile movement as a expanding leading diagonal. wave (1), with wave 5 overshooting the line from waves 1 and 3 and then retracing back 0.618 of wave (1) to form a (1)-(2) setup as depicted.
Target price of 74K USD as mentioned in the previous post remains intact.
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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.