BTC local analysis hasn't changed in a few weeks.Price printed another text book Elliot motif wave, with the wave 4 triangle terminal pattern ending in the usual thrust up with a poke above all time high.
Price is also printing a textbook ABC for wave 2 with 5 waves down for A, 3 waves up for B and a strong wave C down to finish. Wave C's are always the strongest.
Pattern suggests price has one more push lower to complete this corrective wave tapping the quadruple support: S1 daily pivot, ascending daily 200EMA, major support High Volume Node (HVN) and 0.5 Fibonacci retracement at 92-94k range.
Most investors are publicly calling for buys in this area so price may be front run by the whales! The consensus often do not get what they want.
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.