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SqueaksUofA
Mar 5, 2024 11:57 PM

Possible EW count $BTC Expanded Flat Correction Short

Market Cap BTC, $CRYPTOCAP

Description

We have a 3 wave move down from SWB:69K and then another 3 wave move back up that takes the high. Currently rejected at the 1.05 (~1.35T), but count is valid up to the 1.382 (~1.68T).

Final leg is a 5 wave move back down that takes the previous low. If valid, BTC likely bottoms between 300B and 100B.
Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
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From mod @Bravetotrade
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