Bitcoin is currently forming a rising wedge, while volume continues to decline and a bearish divergence is developing.
I'm still seeing another leg up to $88-$91k zone hitting the upper trendline of this rising wedge followed by a drop breaking down the lower trendline.
I also updated my Elliott Wave count to a simple Leading Diagonal 33333 with an Extended 1st Wave. This means that Wave 5 must not go beyond 100% of Wave 3.
What are your thoughts?
I'm still seeing another leg up to $88-$91k zone hitting the upper trendline of this rising wedge followed by a drop breaking down the lower trendline.
I also updated my Elliott Wave count to a simple Leading Diagonal 33333 with an Extended 1st Wave. This means that Wave 5 must not go beyond 100% of Wave 3.
What are your thoughts?
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.