gregpap

BTC ending diagonal ends bear drama?

Long
COINBASE:BTCUSD   Bitcoin
After almost 8 months in a correction, we are all trying to give an answer to where we stand and what lies ahead. tough question as the trend although starting to curb, its still downwards, and we see this with the effect every negative news have in the market.

Now regarding the situation now, according to an EW scenario we can be in a ending diagonal C wave that probably is gonna give and END to the bear market drama. According to this scenario, we are now in the last sub wave b, and we expect BTC to recover after it ends. The end of this wave can be from now to down to 5300-5450. Stay tuned to see how this evolves, and I will be updating the idea! Like and comment!

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Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets
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