This is my first post to the tradingview community. Hope that some of you will find it beneficial.
BTCUSD 0.27% is creating an combination correction pattern, which is almost over. Once target is reached I expect further downside to the lower 5K region, where traders could expect yet another correction pattern. Will update this post as price movement progresses.
Personally, I don't believe that bears are willing to give up control for at least another 4 - 5 weeks. The price of a bitcoin 0.27% could halve before this nightmare is over!
BTCUSD 0.27% is creating an combination correction pattern, which is almost over. Once target is reached I expect further downside to the lower 5K region, where traders could expect yet another correction pattern. Will update this post as price movement progresses.
Personally, I don't believe that bears are willing to give up control for at least another 4 - 5 weeks. The price of a bitcoin 0.27% could halve before this nightmare is over!
Comment:
Last wave was truncated. Only reached $6825 and did not get to 7K. I expect a downward progression to the region of $5400 and then another sideways movement.