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.
ノート
I also meant to add that we are still continuing bearish divergences on the daily timeframe.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。