Bitcoin / TetherUSUpdated A Bull Market Still Feels Far Away!
The current price action is facing a couple of resistances, one from a trend line and the other from an unmitigated breaker block. Considering this, along with the completed Elliott triangle wave, it seems likely that a complex corrective pattern could be forming (wxy).
Based on this scenario, we could see the price fall towards the breaker block, possibly even dipping into the liquidity pool, before there's any expectation of a move higher.
Based on this scenario, we could see the price fall towards the breaker block, possibly even dipping into the liquidity pool, before there's any expectation of a move higher.
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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.