I see two different scenarios for Bitcoin.
1) We decisively break the 0.65 (inferior yellow line) and softwares/algos get stopped out.
We then make a downward move - the E leg on my chart - that lasts more time than the D due to uncertainty.
2) We do not break the 0.65, we dump below $2K and stay there for some time... before mooning for real.
1) We decisively break the 0.65 (inferior yellow line) and softwares/algos get stopped out.
We then make a downward move - the E leg on my chart - that lasts more time than the D due to uncertainty.
2) We do not break the 0.65, we dump below $2K and stay there for some time... before mooning for real.
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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.