Update #Bitcoin Analysis
Time Frame: Daily
Wave Degree: Detailed
It appears we have completed a 5-wave bullish impulse sequence, which triggered a change of Behaviour (CoB) by breaking above the key high that led to the lower low. The primary probability is that price will now enter a corrective accumulation phase before resuming its uptrend and breaking the previous high. However, there remains a minor possibility of a downward impulse continuing the prior downtrend."
Not Recommendation
Good Luck
Time Frame: Daily
Wave Degree: Detailed
It appears we have completed a 5-wave bullish impulse sequence, which triggered a change of Behaviour (CoB) by breaking above the key high that led to the lower low. The primary probability is that price will now enter a corrective accumulation phase before resuming its uptrend and breaking the previous high. However, there remains a minor possibility of a downward impulse continuing the prior downtrend."
Not Recommendation
Good Luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.