dfw0180

BTC correction goes further

POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTC decline goes further.
Counting 4 waves of ABC correction based on fibbonaci levels.
Resistance found at .382 fib level, assuming wave 4 is complete and decline goes furter to final wave (5)/C
Next support is .618 fib level.
Looking for divergence and entry of a long position when ABC correction (5) is complete around 7900.
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.