BTC getting ready for a 15% drop next week?
BTC is currently forming a Rising Wedge pattern with proper Elliott Wave Counts. We can expect Wave 5 to reach around $25250, from where it may start dropping and breaks below the Rising Wedge Pattern.
1 Day 100 MA is also around @25200 currently. So a rejection can lead to this drop.
We can expect a 15% drop into $21500 levels next week.
>> This is not a Trading Advice.
>> Please DYOR
1 Day 100 MA is also around @25200 currently. So a rejection can lead to this drop.
We can expect a 15% drop into $21500 levels next week.
>> This is not a Trading Advice.
>> Please DYOR
Note
Moving as per the plan! Trade active
Going exactly as per the plan!!!
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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.