Bitcoin (BTC): Correction Levels

By Nickonomics
Updated
The previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open snapshot
The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
Comment
EOS trading in breakout mode: snapshot
Comment
As for EOS, we need to see 1-hour bar to close above 18.0 to trade the breakout. Alternatively, there is a short setup with good R/R: snapshot
Comment
BTC seems to be finding footing: snapshot
Comment
A bottom is likely in place after Bear Trap. Inverse H&S to confirm snapshot
Comment
Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin: snapshot
Comment
In the meantime, EOS has closed a bar above 18.00. snapshot
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsnixtradingTrend AnalysisWave Analysis
Nickonomics
Сервис: NixService.net
Telegram: t.me/NixTrading
Волновой бот: t.me/NixJunior_bot

Related publications

Disclaimer