BTC currently found support at the (E) at the Acending triangle.
If BTC can hold support at 6280, and not break below, I see it breaking up targetting 6800.
If BTC can hold support at 6280, and not break below, I see it breaking up targetting 6800.
Note
Ok this dosn't look good for the bullish scenario. We just had 5 waves down, and an ABC up. finishing at 1.272 at 6383. Also MACD is curving down on the 1H with a divergence on the histrogram. In my opinion we should be getting another 5 waves down now.
Targetting 6140 for the next support.
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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.