Advance towards the creation of a third wave
Currently BTC is in a consolidation zone, with scope to make moves up or down within its current channel. The slow assent, indicated by the lower broken orange line provides a level of support, and I expected it to adhere to this.
Soon it'll be approaching the end of a wedge, where we could see it breaking out with upward momentum towards a 'third wave' as the last and third wave of an overall down trend, which I have been anticipating.
Soon it'll be approaching the end of a wedge, where we could see it breaking out with upward momentum towards a 'third wave' as the last and third wave of an overall down trend, which I have been anticipating.
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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.