BTC coming close to decision time
Soon we will know whether its gonna do one more leg down or - as most probably wont recognize - could be about to finish a local wave 2 down
In the chart we see a legit 5 wave leading diagonal count with red 4 overlapping red 1 and red 3 wave being a diagonal as well.
Right know BTC is re-testing previous R/S flip around 21.5k.
As long as this level holds, it looks super bullish.
A break below 1.886 would be bearish continuation down and finally a break of 2.618 on this wave (yellow C) down would knock bulls fully out.
Hold my beer pls
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No financial advice, do your own research, don't be stupid
In the chart we see a legit 5 wave leading diagonal count with red 4 overlapping red 1 and red 3 wave being a diagonal as well.
Right know BTC is re-testing previous R/S flip around 21.5k.
As long as this level holds, it looks super bullish.
A break below 1.886 would be bearish continuation down and finally a break of 2.618 on this wave (yellow C) down would knock bulls fully out.
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.