The retracement up in wave B has reached the anticipated target at 10.38, although that's not traced out like a flat or zigzag formation in a three-wave sequence.
A following decline of 20% lies ahead to develop the wave C as a final subdivision of the ongoing correction in wave (2).
Trend Analysis >> The trend remains correct downward in the Intermediate degree wave (2), which will take just a couple of weeks to thoroughly develop.
The retracing down targets >> 8.20 >> 7.93 >> 7.67
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
A following decline of 20% lies ahead to develop the wave C as a final subdivision of the ongoing correction in wave (2).
Trend Analysis >> The trend remains correct downward in the Intermediate degree wave (2), which will take just a couple of weeks to thoroughly develop.
The retracing down targets >> 8.20 >> 7.93 >> 7.67
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
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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.