Bitcoin has completed its 4-wave uptrend on the 4-hour time frame and is at the bottom of its valid ascending channel. It is also breaking out of a 5-wave corrective pattern (abcde). With the confirmation of the 4-hour break, we can expect the start of wave 5.
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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.