BITCOIN CORRECTION ABC PATTERN
Momentum has stalled on Bitcoin after failure to capture 98k. This area has strong supply and we are likely to see a negative week on Bitcoin after weeks of unprecedent price levels.
ABC correction is in motion.
Leg A was from 99500 - 90800
Leg B was from 90800 - 98600
Leg B-C is from 98600 - 86000
My belief is that we will see Bitcoin come down to 86000 area - huge leveraged liquidations are at this level. Then we will gain more momentum at this level for the push back to 100k and beyond,
ABC correction is in motion.
Leg A was from 99500 - 90800
Leg B was from 90800 - 98600
Leg B-C is from 98600 - 86000
My belief is that we will see Bitcoin come down to 86000 area - huge leveraged liquidations are at this level. Then we will gain more momentum at this level for the push back to 100k and beyond,
Transaction en cours
With Bitcoin dropping - we will see alot of altcoins follow suit but with more blood. Be on the lookout for 10-15% price dumps. BTC has broken 94611 area. 
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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.