I want to talk about a strange idea that may happen in an unbelievable way. I have drawn a large channel on the weekly time frame that this coin is swinging in, we are now in the upper area of this channel, on the other hand a five-wave correction has been formed which can be seen as the completion of wave four. .
To find the possible target range of the fifth wave, I have identified a bearish flag pattern, which, of course, has also broken down.
This is a pessimistic situation and I do not believe in long-term trading in the direction of a long bitcoin position until I see something like this in the upper time.
This is just an idea and it is better to trade only based on your experience and information.
To find the possible target range of the fifth wave, I have identified a bearish flag pattern, which, of course, has also broken down.
This is a pessimistic situation and I do not believe in long-term trading in the direction of a long bitcoin position until I see something like this in the upper time.
This is just an idea and it is better to trade only based on your experience and information.