I_I

BITCOIN - LeadingDiagonal or WXY(Double) πŸ€”

Short
BITMEX:XBTUSD.P   Bitcoin
πŸ’¬ Today.
Bitcoin has been sidelined RisingWedge.


πŸ’¬ See ThreeDrive out of pattern.


πŸ’¬ Important thing is,
Rise has been reduced, BreakOut from the Bottom of the BaseChannel.
Not good.


πŸ’¬ Look at past high points. (Fractal)
High point divergence accelates Drop.


πŸ’¬ Now,
To expect a rise --> have to go into the BaseChannel.


πŸ’¬ If Rises again,
WXY point of view
Next rise is likely to be a high point.
Don't have to FOMO.


πŸ’¬ When Bitcoin gives deep adjustment, Harmonic Patterns.
However, the current downward spiral is in its early stages.
Over time, additional waves must be carried out to see the high probability Wave/Pattern.
We must be patient.


Good luck! 🌈
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.