BitcoinLong
Bitcoin AB = CD pattern
Updated
XBTUSD is shaping an AB = CD pattern
Watch these Resistance/Supports:
A=17K
B=42K
C=28K
D=53K
B(42k) is the 1st test,
if holds price will fall to C(28k)
if breaks B price will quickly spike to D(53k)
Watch these Resistance/Supports:
A=17K
B=42K
C=28K
D=53K
B(42k) is the 1st test,
if holds price will fall to C(28k)
if breaks B price will quickly spike to D(53k)
Note
B Level was broken wildy after Tesla News - 53k target on the wayTrade active
Trade active
Back to long trend, 53k is on the wayTrade active
Price climbs the CD legTrade active
Trade closed: target reached
D=53k ..what after? Closing time
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.