This swift move down from 22 June has not done any retrace, most likely a wave C of Expanded Flat. I am bullish short term.
See below for similar move in Bitcoin daily from early 2023. Also an expanded flat.
Cheers!
See below for similar move in Bitcoin daily from early 2023. Also an expanded flat.
Cheers!
Note
This is not a correlation chart. EURUSD is H4 and BTCUSD is D1. I am merely highlighting the same kind of move.Note
Will be cautious about any long positions here as price may fail to break.
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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.