spins1uk

BTCUSDT ABC Correction Thoughts

BINANCE:BTCUSDT   Bitcoin / TetherUS
I am pretty new to EW and general technical analysis, but I am seeing this pattern to drop BTC to the $7800 - $8000 range then bounce to the $11000 - $11200 range. This coincides with a support that spans from last year and then a potential double bottom. I have tested this on several exchanges and it seems to duplicate well.

Constructive criticism always appreciated.
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.