BTC/USD - ABC Pattern
So a friend of mine told me his plans on how he's planning on shorting the entire crypto market throughout the summer months of this year. Needless to say, we still do have a difference of opinion but while I was cleaning up some of my tabs I decided to post for anyone else that might find it useful.
We now see BTC starting on wave D of the ABC Correction Wave where the next major resistance for this pair to encounter is the $48.5 - 50k level. From there, we can expect price to form an area of consolidation before seeing the next big move.
Personally, I am a bullish type of trader though so it's always a good idea to do your own DD.
There still will be uphill battles along the way, but I truly do see nothing but a huge future for the crypto market and where it will be taking us. With that being said, who else has been buying this dip and is ready to HODL?
We now see BTC starting on wave D of the ABC Correction Wave where the next major resistance for this pair to encounter is the $48.5 - 50k level. From there, we can expect price to form an area of consolidation before seeing the next big move.
Personally, I am a bullish type of trader though so it's always a good idea to do your own DD.
There still will be uphill battles along the way, but I truly do see nothing but a huge future for the crypto market and where it will be taking us. With that being said, who else has been buying this dip and is ready to HODL?
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