quantmaven

Bitcoin to consolidate large gains in the short-term

Short
BINANCE:BTCUSD   Bitcoin
Just like the Ethereum analysis I did today, I believe Bitcoin is doing an irregular flat 3-3-5 correction. The squiggle shows that I would expect the price to reach 37K in the short-term. This is merely the consolidation of large gains made over the last couple days. Bitcoin is short-term bearish but upside potential should resume afterwards.
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.