Two possible scenarios for BITCOIN - watch it carefully!!
Hey guys, 2 possible outcomes for bitcoin
Scenario 1: This downtrend is currently subwave 2 retracing of the bigger WAVE 5 and our target of 9600 still stands. HOWEVER we would need to break 9k on subwave 3 in order for this to happen, which we have had several rejections at already
Scenario 2
We have a failed WAVE 5 as we can not break 9k, therefore we will further ABC correct down to 8100/7600 ish as highlighted on my chart. This will be a double correction and if things do not pick up we could see a TRIPLE correction after this
Both scenarios are possible in my eyes so just be careful guys!
Thanks
Scenario 1: This downtrend is currently subwave 2 retracing of the bigger WAVE 5 and our target of 9600 still stands. HOWEVER we would need to break 9k on subwave 3 in order for this to happen, which we have had several rejections at already
Scenario 2
We have a failed WAVE 5 as we can not break 9k, therefore we will further ABC correct down to 8100/7600 ish as highlighted on my chart. This will be a double correction and if things do not pick up we could see a TRIPLE correction after this
Both scenarios are possible in my eyes so just be careful guys!
Thanks
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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.