Bitcoin /USD rate (2021-2022)
I think there's a long and short move at play here. BTC could potentially go long until $57k-$59k through the end of October/start of November and then start another major down turn.
I've adjusted my fractal ideas to fit more but of course this is all speculative and not guaranteed.
My last chart with a down move was right but it didn't go down quite as far as I had expected and I think there's an entire leg still left to go. My previous description of how the price action for this wedge could potentially look seems to be the case, dropped out of my trend line, only to come back up and fake out back up to my lower trend line.
See the 2 charts below
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
I think there's a long and short move at play here. BTC could potentially go long until $57k-$59k through the end of October/start of November and then start another major down turn.
I've adjusted my fractal ideas to fit more but of course this is all speculative and not guaranteed.
My last chart with a down move was right but it didn't go down quite as far as I had expected and I think there's an entire leg still left to go. My previous description of how the price action for this wedge could potentially look seems to be the case, dropped out of my trend line, only to come back up and fake out back up to my lower trend line.
See the 2 charts below
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
