Hello all,
Recently BTCUSD has set a new ATH and now it is trading in a correction.
It has already broken out of the rising wedge like pattern and the short term
structural support. If we take a look at the previous structural ATH (Apr 2021)
then we could forecast the possible endpoint of the correction.
Anyways there are 2 possible scenarios which are illustrated on the graph.
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision.
Recently BTCUSD has set a new ATH and now it is trading in a correction.
It has already broken out of the rising wedge like pattern and the short term
structural support. If we take a look at the previous structural ATH (Apr 2021)
then we could forecast the possible endpoint of the correction.
Anyways there are 2 possible scenarios which are illustrated on the graph.
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision.