The bitcoin is in a triangle formation, which determines the further price action. A break below the bottom line would support my primary scenario. It remains interesting.
Weekly:
H7:
Alt. 1:
We have already seen the lows and are now starting another bullish wave 3.
Alt. 2 (which I find more likely):
Probability: 60%
--> we could see more lows. A correction in the range 16,400 - 26,245 is possible.
Weekly:
H7:
Alt. 1:
We have already seen the lows and are now starting another bullish wave 3.
Alt. 2 (which I find more likely):
Probability: 60%
--> we could see more lows. A correction in the range 16,400 - 26,245 is possible.
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Related publications
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.