According to a bearish alternative in my weekly frame(not posted!), I'd analyzed the rising wave since April 7 as an A-B-C zigzag formation in correction of the Intermediate degree wave (B) >> Not shown in this 3h-frame.
Wave Analysis >> As depicted in the 3h-frame above, the Minor degree wave C of the countertrend advance in wave (B) may thoroughly develop in an ending diagonal, which remains in its very late stage, and a final advance of 17% lies ahead to conclude the ending diagonal wave C of the entire correction of wave (B).
Trend Analysis >> After completion of the possible ending diagonal as Minor degree wave C, the trend will change soon to downward in a decline of Intermediate degree wave (C).
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
Wave Analysis >> As depicted in the 3h-frame above, the Minor degree wave C of the countertrend advance in wave (B) may thoroughly develop in an ending diagonal, which remains in its very late stage, and a final advance of 17% lies ahead to conclude the ending diagonal wave C of the entire correction of wave (B).
Trend Analysis >> After completion of the possible ending diagonal as Minor degree wave C, the trend will change soon to downward in a decline of Intermediate degree wave (C).
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
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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.