hkmh

BTC correction over Trend continuing to 1200 USD

Short
KRAKEN:BTCUSD   Bitcoin
The big picture on the daily is that we still have a valid down trend
(lower lows and lower highs since 3th Jul 2019)

We have a broken correction on the daily and on 4h.

Elliot wawe 5 completed on the daily and we finished AB correction and heading down to C.

The lower channel band is at 1200 USD (previous ATH).

The down trend from jul. 2019 will be broken wehen price crosses 10509 and starts to make higher highs and higher lows.
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.