Bitcoin has been treating the team very well! In our previous analysis, we anticipated the drop from the 49K level. Price dropped 18%!
We now have another chance to get in on another short back to down to the -0.27 target fibonacci which lines up previous structure. We look to be in a descending ABCDE wedge.
Watch for price to break the ascending red trendline and enter with stops above the correction. Ideally we'd want price to reject one of the fibonacci levels before moving lower.
Set up invalidated if we break above the 78.6 fibonacci.
We now have another chance to get in on another short back to down to the -0.27 target fibonacci which lines up previous structure. We look to be in a descending ABCDE wedge.
Watch for price to break the ascending red trendline and enter with stops above the correction. Ideally we'd want price to reject one of the fibonacci levels before moving lower.
Set up invalidated if we break above the 78.6 fibonacci.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.