BTC USD - Short Term to Mid Term ( Long Term Corrective Pattern)
The overall impulse move from it's inception to the 69,000 levels of 2021 were in a clear 5 wave fashion; this lasted nearly 10 years.
Then the whole impulse move was retrace to roughly 78.6% Fibonacci level.
The retrace price action has been particularly choppy, inidicative of a Wave A in a 3-3-5 a-b-c pattern setup.
The biggest indication that the Bitcoin correction is not over yet but actually in midway process of a wave B upwards, is that NOT enough time has elapsed to meetr substantial Fib Time retrace levels.
Bias is 80% that this is larger correction pattern being a Wave B up, that could even protrude higher than 69,000 but the first test is 41,075, which would be the smaller (c) = (a) levels since the lows of 15k support area.
Then the whole impulse move was retrace to roughly 78.6% Fibonacci level.
The retrace price action has been particularly choppy, inidicative of a Wave A in a 3-3-5 a-b-c pattern setup.
The biggest indication that the Bitcoin correction is not over yet but actually in midway process of a wave B upwards, is that NOT enough time has elapsed to meetr substantial Fib Time retrace levels.
Bias is 80% that this is larger correction pattern being a Wave B up, that could even protrude higher than 69,000 but the first test is 41,075, which would be the smaller (c) = (a) levels since the lows of 15k support area.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.