here's a simplified view of bitcoins downtrend.
from the top of $69,138.5
we had 5 waves down.
after the initial 5 waves down,
we saw a 3 wave move which i have labeled as wave B (wave B consists of 3 smaller waves).
once wave B was completed we begun another 5 waves down (currently working on wave 4).
the final fifth wave should come down to about 22.9k, which is the 100% extension of wave A.
this move is called a simple zig-zag.
from the top of $69,138.5
we had 5 waves down.
after the initial 5 waves down,
we saw a 3 wave move which i have labeled as wave B (wave B consists of 3 smaller waves).
once wave B was completed we begun another 5 waves down (currently working on wave 4).
the final fifth wave should come down to about 22.9k, which is the 100% extension of wave A.
this move is called a simple zig-zag.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.