Bitcoin / Tether USDUpdated BTC Short term wave structure
BTCUSDHere is the breakdown of Wave (5) within primary Wave 3. This may sound bit complex unless you have some understanding of ElliotWaves. In a big picture, the current rally is out of bigger channel range which could make any experienced trader nervous with a long position. A breakdown of a short term channel will be the first confirmation if a reversal is in place.
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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.