Get started
IkanBilisCapital

BTC still looking for a final wave 5 impulse.

Long
Bitcoin (COINBASE:BTCUSD)  
IkanBilisCapital  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD btcusdlong btcusdshort btcusdforecast btcusdanalysis btcusdidea btcusdtlong
3
0
trendanalysis chartpattern indicator btcusd btcusdlong btcusdshort btcusdforecast btcusdanalysis btcusdidea btcusdtlong
BTC has been trading in this range for more than a year now. It is still looking for that final wave 5 impulse move. However, the wave 4 correction is not complete and breaking down from here opens up the possibility of going down to 30K where it will find strong support. If you're in too deep, you should unwind you positions to a comfortable as we start to move up in the next few days.

BULL CASE
100K!

BEAR CASE
30K
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.