$BTC 👀 – 08/18/2022 | Bitcoin Price Action Update 🎯 - 📸 🚨
📌 #Price appears to have potentially completed its #DoubleThree (WXY) Complex Correction for Wave 4, in black, of the Primary degree, ending it with a contracting triangle (ABCDE in blue).
📌 To confirm the completion of Wave 4, in black, I’m looking for a 1hr to 4hr candlestick break and close below the “resistance turned support” zone, price levels $23,304.69 to $22,564.12. Obviously, a Daily candlestick close below these levels would increase my confidence in the continued bearish momentum.
📌 In the interim for trading intra-day swings, I am no longer considering long or bullish positions to be higher probability until price action confirms otherwise.
📌 Downward targets are still the same as before: $12,000.00 or below.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
📌 #Price appears to have potentially completed its #DoubleThree (WXY) Complex Correction for Wave 4, in black, of the Primary degree, ending it with a contracting triangle (ABCDE in blue).
📌 To confirm the completion of Wave 4, in black, I’m looking for a 1hr to 4hr candlestick break and close below the “resistance turned support” zone, price levels $23,304.69 to $22,564.12. Obviously, a Daily candlestick close below these levels would increase my confidence in the continued bearish momentum.
📌 In the interim for trading intra-day swings, I am no longer considering long or bullish positions to be higher probability until price action confirms otherwise.
📌 Downward targets are still the same as before: $12,000.00 or below.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC