Price retraced back to Wave 4 of one minor degree and is at confluence of 61.8% of Wave [3].
Potential short here with close invalidation at 28.6k. Target at 24k.
Potential short here with close invalidation at 28.6k. Target at 24k.
Note
BTC probably starting the next leg down. Near term targets are 26000 and 24900.
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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.