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.
Catatan
I also meant to add that we are still continuing bearish divergences on the daily timeframe.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.