Just an idea looking at the waves (and lots of them). I'm not tied to this particular idea, just throwing it out there as one possibility. The alternative as I see it would involve BTC falling through the trendline shortly.
Thoughts?
Thoughts?
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Zoomed in view of the theoretical wave that would take BTC to around 9500 under the above idea. The current wave would be the B wave of the correction off the recent 5th wave up (and also the D wave as part of an ABCDE triangle). Note
Sorry, the current wave would be the E wave of the ABCDE triangle (not the D wave as accidentally stated above).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.