DowBits

BTCUSDT Wave (5) Structure

Short
POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTCUSDT

The wave (5) structure looks complete with further 5 subdivisions however the upward channel still intact as I am writing. Breakdown of the channel will further confirm if Wave A had been started while breakdown above 2913 will negate this scenario. Another alternate is that wave (iv) is not complete and forming a triangle which will end up with an upward push to towards the recent highs.
Key to watch the channel line and upward resistance at 2913.

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.