If you read my previous analysis about BTC, you would know it formed the wave C and further a contracting triangle.
Therefore there are two important scenarios:
1. The correction pattern would be the contracting triangle. So wave 5 which is a upward wave will begin soon.
2. The correction pattern would be an A-B-C. Waves A and B were completed and BTC would collapses again to form the wave C of the A-B-C pattern.
Which one do you think?! :)
Therefore there are two important scenarios:
1. The correction pattern would be the contracting triangle. So wave 5 which is a upward wave will begin soon.
2. The correction pattern would be an A-B-C. Waves A and B were completed and BTC would collapses again to form the wave C of the A-B-C pattern.
Which one do you think?! :)
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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.