Technical analysis of BTCUSD from November 2022 low, Coinbase exchange.
This Elliott Wave count has BTCUSD in ending diagonal wave (5) of ((5)) with wedge formation, (4) of ((5)) overlapping (1) of ((5)), and (5) of ((5)) ending above 123231.07 but below 136909.74. Risk/reward favors bears as price gets closer to 136909.74. Count invalid above 136909.74.
This Elliott Wave count has BTCUSD in ending diagonal wave (5) of ((5)) with wedge formation, (4) of ((5)) overlapping (1) of ((5)), and (5) of ((5)) ending above 123231.07 but below 136909.74. Risk/reward favors bears as price gets closer to 136909.74. Count invalid above 136909.74.
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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.