The abc corrective structure from 61k zone is being reported as a FLAT and have the potential for continuation of the downtrend.
Comment:
The updates are from D waves system,. D waves system is an Elliott wave identifier . This is not a financial advice. Do your own research before making any decision.
Comment:
Bull trap being reported by the system on lower time frame, price ATM 70338.
Comment:
The nearest target on lower time frames is 65800.
Comment:
Major trendline formed by the corrective abc channel is broken. A breakdown towards overall projection is anticipated.
Comment:
Next target 60k zone on lower medium time frame.
Comment:
as per D wave system BTC now marking an abc correction on lower low time frame and need to dump further after this 3-4k correction.