I think BTC is hammering out a bottom in form of wxyxz where z is a triangle . On can also argue that it may be forming a wave 4 triangle to complete a 12345 impulse down . This would mean only wave A down . I am assuming wxyxz correction because the correction has retraced .618% of wave iii and is consolidating in previous wave 4 of one lesser degree . What we can assume is that its a good bottom with SL at previous low which is a good risk reward ratio. This can also ve wave A of multimonth triangle to come . It tough but there a good risk reward ration on the buy side . Regards
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.