Michael_Winner

BTC still trades in accumulation and can decline to support line

Short
Michael_Winner Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.

Trading plan from previous idea is still valid.
For now we can see that prices trades in ABC correction and waves A and B already passed.
Now price trades inside 3rd downward wave.
I think price can make re-test of top part of accumulation and then start decline.
Target of wave C if wave C will = wave A will be around bottom part of rising channel.
I think price will fall in area around 22000-215000 usd and then maybe will continue to rise.
So, I think bitcoin for now will continue decline.

I expect this scenario, so be prepare for next movements.
Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
Comment:
Inflation 8.5 instead 8.7
Market up
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.