BTC trend analysis
In a triangle correction, price action remains sideways with 5 waves
each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines.
If this plays out like I illustrated then we will see BTC at 21K level.
If there is upside breakout then price will head higher.
The best part is wave 4 is still valid even if we reach those lows.
each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines.
If this plays out like I illustrated then we will see BTC at 21K level.
If there is upside breakout then price will head higher.
The best part is wave 4 is still valid even if we reach those lows.
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Penafian
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