TheBitcoinChart

Looks Like Bitcoin Is In The dreaded B Wave

Long
CRYPTO:BTCUSD   Bitcoin
B waves are always messy and it looks like Bitcoin is forming one. 32500 is possible before coming down for a C wave. I wouldn't try and trade a B wave with high leverage. They are too choppy and too unpredictable. Low leverage or no leverage in these situations. I could see the monthly candle closing up at the 32K level. I would love a long from 26680 if price finds its way down there later next week. Time will tell.

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.