If severe USD deflation begins soon, Bitcoin could return to the phase 1 price level of the 2017 Hyperwave at $1,000.
The recent wave pattern looks like a non-failure reversal (aka extended B wave). If this pattern is to complete, it will break through 20K, bounce to retest 20K and continue on to lower lows.
The recent wave pattern looks like a non-failure reversal (aka extended B wave). If this pattern is to complete, it will break through 20K, bounce to retest 20K and continue on to lower lows.
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Buy lowered to 8161Stop lowered to 2889
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Bounce trade canceled, only target is $1,000Note
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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.