BTC is rejecting 20 moving average and is looking to break down from the range.
The market structure resembles broadening wedge, 3 drives or a failed wave 5.
So once it stops making progress with new heights, there comes reversal.
Here's what comes next: we gonna dump, bounce and then hit the 12k support.
The market structure resembles broadening wedge, 3 drives or a failed wave 5.
So once it stops making progress with new heights, there comes reversal.
Here's what comes next: we gonna dump, bounce and then hit the 12k support.
Note
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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.