BTC Upcoming Next Move? Be prepared!
Keeping in view the current overall bullish market sentiment and the recently formed inverted head and shoulder pattern, we can expect the formation of a similar Elliot wave which has already been formed between 23-25 may. There is also a strong support around $36,500 and is very unlikely for the price to fall below this level after such a huge market correction.
If the proposed setup does form, BTC will enter into a new rising uptrend, will be above the montly S2 CPR support and will eventually close above the $40,000 price label after the ABC correction which will take place after completion of the second 5th Elliot wave.
If the proposed setup does form, BTC will enter into a new rising uptrend, will be above the montly S2 CPR support and will eventually close above the $40,000 price label after the ABC correction which will take place after completion of the second 5th Elliot wave.
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.