بتكوينشراء
BTC ABC correction over, now to re-test 51-54K critical range
Fib Retracement created off the ATH and recent low. BTC had rallied but failed to reclaim and hold the .702 retracement.
It then entered an A-B-C correction, textbook. On October 3, we see BTC cleared the B-wave high, circled in red. This signaled the end of the A-B-C correction. Technically speaking, a move even $1 higher than the previous B-wave high ends the ABC pattern. Prior to that, even with the upward trading, BTC could technically have gone lower than what is now solidified as the C-wave low had it not cleared the B-wave high.
Today (yesterday too) we see that playing out. Expect volatility in both directions but also expect a challenge into 54K.
It then entered an A-B-C correction, textbook. On October 3, we see BTC cleared the B-wave high, circled in red. This signaled the end of the A-B-C correction. Technically speaking, a move even $1 higher than the previous B-wave high ends the ABC pattern. Prior to that, even with the upward trading, BTC could technically have gone lower than what is now solidified as the C-wave low had it not cleared the B-wave high.
Today (yesterday too) we see that playing out. Expect volatility in both directions but also expect a challenge into 54K.
إخلاء المسؤولية
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.
إخلاء المسؤولية
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.