Bitcoin expected minor correction in 4H
Here´s my simplified visual idea for Bitcoin´s next move which seems to be a minor correction.
The price scored 3 in a row:
1) Filled the volumen gap;
2) Reached EMA 200; and
3) Reached the inverted wedge´s top.
What´s next? Tough to say, loos so impredictible lately!
However, it would be rational to see the price make a minor ABC correction retesting May 12, 2022´s low (shown in the chart, in red dotted line).
But... is Bitcoin rational?
Have a great weekend.
;)
The price scored 3 in a row:
1) Filled the volumen gap;
2) Reached EMA 200; and
3) Reached the inverted wedge´s top.
What´s next? Tough to say, loos so impredictible lately!
However, it would be rational to see the price make a minor ABC correction retesting May 12, 2022´s low (shown in the chart, in red dotted line).
But... is Bitcoin rational?
Have a great weekend.
;)
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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.
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.