📌In our last analysis, BTC reached 40K as expected... now it is turning downward...
📌BTC has broken it's ascending trendline... It has dropped in the form of descending channel ...
📌 Now it is recovering to upside in the form of ABC correction wave... probably will continue to drop to 30K after the correction to upside...
⚠️ This scenario is invalid if it can break 44K... then can go to 48K.
📌BTC has broken it's ascending trendline... It has dropped in the form of descending channel ...
📌 Now it is recovering to upside in the form of ABC correction wave... probably will continue to drop to 30K after the correction to upside...
⚠️ This scenario is invalid if it can break 44K... then can go to 48K.
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Trade closed: stop reached
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Related publications
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.