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Traders, BTCUSD Has completed a bearish W pattern on an important level. That can push the price down but at the same time if it breaks through that level then we can expect a higher move to the next level indicated by arrows.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
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Comments
I agree 9.9k is a key zone to pay attention to.
I think a short-term downward pressure is due. For both bullish and bearish wave counts, we are currently traveling in a flat with 1:1 extension at 9.6k and 1:1.618 extension at 9.9k.
What do you think of the counts below?