BTC (possible) Macro Count
A possible bottom could be in for BTC. It could still go lower somewhere in 2023 but I would expect a multi-month 5-wave to take the price higher first. Also we have a massive multi-week bullish divergence on the RSI.
If it did a 5-wave up then come back lower it would = ABC + X + ABC = WXY. (I'll post an example below).
Remember this is a weekly chart so we could have some shorter timeframe stabs lower but I expect the weekly chart to hold this .786 area.
If it did a 5-wave up then come back lower it would = ABC + X + ABC = WXY. (I'll post an example below).
Remember this is a weekly chart so we could have some shorter timeframe stabs lower but I expect the weekly chart to hold this .786 area.
Note
Note
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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.