Running Flat Wave 4 Over for Bitcoin?
Correction from my first post. I dont believe my first chart was zoomed out enough to see the correction.
Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon.
Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A which is very common in these corrections. The date hit exactly at the current high.
Could still l go up, but things are aligning nicely for a potential final five waves down. If this target begins to make headway, I will post some potential targets.
Trade safe.
Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon.
Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A which is very common in these corrections. The date hit exactly at the current high.
Could still l go up, but things are aligning nicely for a potential final five waves down. If this target begins to make headway, I will post some potential targets.
Trade safe.
הערה
I also meant to add that we are still continuing bearish divergences on the daily timeframe.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.