BTCUSD Wave Count and Fibs Measurements is suggesting that this ''beast'' could be ''tamed" if a solid drop in price would occur.
Wave Count is suggesting that a short-lived retracement could take place and then we could see 12250 as the last ATH before the "beast" would fall.
Wave Count is suggesting that a short-lived retracement could take place and then we could see 12250 as the last ATH before the "beast" would fall.
Note
BTCUSD losing half its value after 12250If 13500 will be forced, then it would only make the Bear Swing even worse.
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BTC/USD could start falling towards 5500.00If one more leg up, look for a proper Bearish Divergence.
Many pips ahead!
Note
Bubble bursting soon:Note
Wave Count Update:14800.00 has been unlocked
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Consolidation then last bigger swing, after that BTCUSD would most likely give up 30-40% of its gains:
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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.