morning,
btc is attempting to see a bullish expansion here, which would invalidate 2\4 cases i had presented last night.
critical moment here.
42811.0 cannot be violated if it's going to attempt to expand to 48k (to put in the 3rd wave of a higher degree) via something like this:
if this level is violated 42811.0, it might obviously try again, but the chances of this happening would become quite slim.
more likely than not, if it cannot hold bullish structure, it will retrace back down to the range lows via something like this:
if 48k is reached, we will eventually see a move up to 53k to complete the larger mean retracement.
btc is attempting to see a bullish expansion here, which would invalidate 2\4 cases i had presented last night.
critical moment here.
42811.0 cannot be violated if it's going to attempt to expand to 48k (to put in the 3rd wave of a higher degree) via something like this:
if this level is violated 42811.0, it might obviously try again, but the chances of this happening would become quite slim.
more likely than not, if it cannot hold bullish structure, it will retrace back down to the range lows via something like this:
if 48k is reached, we will eventually see a move up to 53k to complete the larger mean retracement.
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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.
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.