5 waves down of current move to complete at wedge bottom.
Slightly odd waves and fibs but it seems to be describing the action.
From there a pop up but I think still a bear market needing a lower low.
Slightly odd waves and fibs but it seems to be describing the action.
From there a pop up but I think still a bear market needing a lower low.
Nota
Had a bit of luck with that one- the pop came right on target! This could now be a low for a while- BTC may now create another wind-up pattern to send price wither higher or lover but I still have a slight bias towards a lowere low being put in...Nota
Further downside SCENARIO. After 5 small waves down, we will see a correction up. There is a confluence of the downside 1.618 of this with the initial 1.618 from the first drop- which is needs fulfilment for a full ABC correction, also the key S/R level around 5000. This could be a touch of the upside of broken DTL and a buying opportunity. The red lines indicate a wind-up/ wedge pattern that could occur that will send price down (or up!).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.