Potential BTC/USD W-X-Y corrective structure thus far
As long as we don't get above the invalidation zone, we might see one more dip to complete Wave Y & prepare for a bullish run, that is if we don't get W-X-Y-X-Z corrective combination in the near future
Potential long entries are highlighted if price does get there
Follow me on Twitter for updates / trade ideas: tradescendent
As long as we don't get above the invalidation zone, we might see one more dip to complete Wave Y & prepare for a bullish run, that is if we don't get W-X-Y-X-Z corrective combination in the near future
Potential long entries are highlighted if price does get there
Follow me on Twitter for updates / trade ideas: tradescendent
Note
Update: I'm now leaning more towards triple corrective combination W-X-Y-X-Z (as opposed to double, as shown in chart) with another A-B-C going down. If this plays out, it will finally conclude entirely our retracement from ~$10,500 & become extremely bullish. Still, I believe $7,300 was the bottom & therefore we are very unlikely to go lower than that.
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.
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.