Bitcoin / TetherUSShort
BTC is ready for Retracement till $80k
BTC is repeating previous swing low pattern, Mean BTC in longer run is till bullish and right now its doing retracement for new swing high.
In a longer run, BTC will retrace till 0.5 Fib level which is $80300, and approx. duration for this retracement would be. 180 days (6 Months).
After retracement completion BTC will rise for 140k.
Confluences : RSI is showing divergence, mean for now Long trades will be invalid in monthly Chart.
Last ABCD pattern is also completed , mean Swing High is defined now.
I am not seeing any High now till the retracement will be completed.
In a longer run, BTC will retrace till 0.5 Fib level which is $80300, and approx. duration for this retracement would be. 180 days (6 Months).
After retracement completion BTC will rise for 140k.
Confluences : RSI is showing divergence, mean for now Long trades will be invalid in monthly Chart.
Last ABCD pattern is also completed , mean Swing High is defined now.
I am not seeing any High now till the retracement will be completed.
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