BINANCE:BTCUSDT   Bitcoin / TetherUS
Analyze and study at the same time
Listen to me so you can understand it well in the picture
Bitcoin #btc $ btc #bitcoin
This pattern that is formed in Bitcoin is usually in five waves. Four waves have been formed so far, and in the process of forming the fifth and final wave, this will coincide with a re-test of the broken trend in the RSI indicator.
Then the price will break the trend and go to between 1.61 and 2.61. In Fibonacci as a target after a retest, a retest is not a point-to-second imperative

If the pattern fails, it means breaking the trend at. The five wave coincides with the break of the trend on the RSI, and the negative divergence between the price and the RSI is confirmed, and the broken trend is re-tested in the price. I remind you that a re-test is unnecessary. The price was dropped to between 1.61 and 2.61 in the corrective retracement as a target
I think you have benefited from something important, do not forget to comment that you are interested in the content

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.