BTC has a few scenarios, this is my 2nd chart for analysis.

1. Bull Flag
2. Broadening Wedge
3. Diamond Top
4. Head and Shoulders
5. ABC Corrective Elliot Wave

I think BTC is going for the higher low at $49,500 then into the corrective wave down to $38,000. I am bearish short/medium term, bullish long term.

This is NFA and for educational purposes only. DYOR.

Safe trading.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.