Using simply 2 indicators, this is what I think we could be in for.
BTC has just finished the 5th wave of a correction. And BTC looks to be putting in the first wave of downtrend impulse.
If it is a 5 wave correction, I could see it going as low as $1.8k or if it is to be a 3 wave, ~$3k is possible.
Using strong prior support/resistance levels on the daily time frame, I have set out my 3 or 5 wave downtrend.
Strap yourself in, because this is going to be a tough year.
My charts are for my own personal entertainment, in no way are they financial advice - do not listen to me or anyone else on the internet! DYOR
BTC has just finished the 5th wave of a correction. And BTC looks to be putting in the first wave of downtrend impulse.
If it is a 5 wave correction, I could see it going as low as $1.8k or if it is to be a 3 wave, ~$3k is possible.
Using strong prior support/resistance levels on the daily time frame, I have set out my 3 or 5 wave downtrend.
Strap yourself in, because this is going to be a tough year.
My charts are for my own personal entertainment, in no way are they financial advice - do not listen to me or anyone else on the internet! DYOR