Bitcoin
Updated

BTC Fractal Continuation

550
For this last impulse move down, the fractal I was following played out perfectly (blue). This is the continuation should it continue to follow the pattern. So far it seems to be but we will know more as a few more moves unfold.
Note
interesting test here snapshot
Note
snapshot
Note
current thinking on this snapshot
Note
break above ~6415 will cause me to rethink this - so far looks pretty good snapshot
Note
actually this C wave could range up to ~6450 - fractal depicts a wave 5 failure before reversal snapshot
Trade closed: stop reached

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.