BTC coming close to decision time
Soon we will know whether its gonna do one more leg down or - as most probably wont recognize - could be about to finish a local wave 2 down
In the chart we see a legit 5 wave leading diagonal count with red 4 overlapping red 1 and red 3 wave being a diagonal as well.
Right know BTC is re-testing previous R/S flip around 21.5k.
As long as this level holds, it looks super bullish.
A break below 1.886 would be bearish continuation down and finally a break of 2.618 on this wave (yellow C) down would knock bulls fully out.
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
In the chart we see a legit 5 wave leading diagonal count with red 4 overlapping red 1 and red 3 wave being a diagonal as well.
Right know BTC is re-testing previous R/S flip around 21.5k.
As long as this level holds, it looks super bullish.
A break below 1.886 would be bearish continuation down and finally a break of 2.618 on this wave (yellow C) down would knock bulls fully out.
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
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.