BTC & friends consolidating for another move
As of right now 
BTCUSD is printing a broadening wedge; that push down we just had was a liquidity hunt which got ate up in a matter of minutes.
These triangles and wedges all mean the same thing, consolidation. So don't get hung up on whats what, but more so the concept that the market is absorbing a recent move and is about to continue on that trend once it has finished digesting the recent move.
I still think we see another move up to finish the Elliot Wave before we see a big correction.
On the lower time frames,BTCUSD is running into a bit of resistance, but I don't think it's anything significant. Even as I type this we are moving through it.
BTCUSD is printing a broadening wedge; that push down we just had was a liquidity hunt which got ate up in a matter of minutes.These triangles and wedges all mean the same thing, consolidation. So don't get hung up on whats what, but more so the concept that the market is absorbing a recent move and is about to continue on that trend once it has finished digesting the recent move.
I still think we see another move up to finish the Elliot Wave before we see a big correction.
On the lower time frames,
BTCUSD is running into a bit of resistance, but I don't think it's anything significant. Even as I type this we are moving through it.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.