Here is a possible idea on BTC:
With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues
Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth
While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area
Let's see how this plays out but this weeks close should give us a strong indication
Let me know what you think guys always interested to hear differing opinions
With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues
Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth
While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area
Let's see how this plays out but this weeks close should give us a strong indication
Let me know what you think guys always interested to hear differing opinions
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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.