BTC Turning Extremely BEARISH If We Do Not Hold This Channel
If we can't hold this channel this could mean we're in a new impulse wave down.
Alt could be this move is an ABC before new waves, and we're starting C leg down but that would make C a bit short so not really cutting it.
I'd see wave 3 to 10-15k if the 5 waves scenario confirms, or C leg to 29-30k if ABC.
Anyway both of these scenarios are IF AND ONLY IF we cannot hold this channel.
Bonus: Here is a very interesting blog post I found shortly after making this analysis -> blog.bitmex.com/the-q-trap/
Alt could be this move is an ABC before new waves, and we're starting C leg down but that would make C a bit short so not really cutting it.
I'd see wave 3 to 10-15k if the 5 waves scenario confirms, or C leg to 29-30k if ABC.
Anyway both of these scenarios are IF AND ONLY IF we cannot hold this channel.
Bonus: Here is a very interesting blog post I found shortly after making this analysis -> blog.bitmex.com/the-q-trap/
Note
ps: the time length of the waves is not intentional, I'm mainly showing price levels
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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.