NICKVASS10

BITCOIN 3rd Wave down imminent after ABC completion

BINANCE:BTCUSDT   Bitcoin / TetherUS
As shown on chart we completed a 5 wave strucuture down from the high of 24650, in a leading diagonal fashion with an ending diagonal falling wedge in the 5th of the leading diagonal; following the 5 waves a corrective sequence was expected whereby we got an ABC flat correction and have tagged ~1.236 extension aswell as the strong orderblock resistance, looking at the subwave structure of the C wave; it appears the asset could be heading towards a 3rd wave down towards 21k where fib extensions will be a valuable indicator for future price aswell as the lower trendline that bitcoin has been channeling in since the 17k low.

Please like and follow for more advanced elliot wave analysis!! stay tuned!!

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.