good afternoon,
hate to be the one who breaks this to the bears,
but it's possible a bottom is in (for now).
it may not be "the bottom", but it's a bottom which can last for a couple of months.
---
if this ugly diagonal is at play,
btc is poised to play out an expanded flat for wave 2\b before the rip up comes.
if the expanded flat plays out, that c leg would be very sharp, and it'll be short lived.
if you're bullish, this might be what gets btc out of this range,
if you're bearish, be very careful in the days ahead, and expect the unexpected.
---
ps. there is many different ways of interpreting this count, and there is no confirmation of either bull or bear case for the time being.
all of the cases i present are just ideas - don't use these as trade setups, but rather a map for what might be.
hate to be the one who breaks this to the bears,
but it's possible a bottom is in (for now).
it may not be "the bottom", but it's a bottom which can last for a couple of months.
---
if this ugly diagonal is at play,
btc is poised to play out an expanded flat for wave 2\b before the rip up comes.
if the expanded flat plays out, that c leg would be very sharp, and it'll be short lived.
if you're bullish, this might be what gets btc out of this range,
if you're bearish, be very careful in the days ahead, and expect the unexpected.
---
ps. there is many different ways of interpreting this count, and there is no confirmation of either bull or bear case for the time being.
all of the cases i present are just ideas - don't use these as trade setups, but rather a map for what might be.
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.