Bitcoin has had quite the run up since 2023 and is currently in an ABC corrective pattern after a 5 wave impulse. The January high was the starting point. The April low was A. Now is the top of B which happens to be 0.618 retracement of the A wave. What follows is a down move for C which should end somewhere between 63k and 53.5k. This will make a bottom and will stay in accumulation until late 2027 early 2028 before shooting to the upside in anticipation of the next halving.
Don't force a trade. Wait for your setup, be patient. Trade ideas are my own and not financial advice, I'm a monkey with a phone for crying out loud.
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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.
Don't force a trade. Wait for your setup, be patient. Trade ideas are my own and not financial advice, I'm a monkey with a phone for crying out loud.
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.