Intuit

BTC Rising Wedge Breaking Down to 10k (Neowave/Elliott wave)

Short
Intuit Updated   
COINBASE:BTCUSD   Bitcoin
Bitcoin at this timeframe appears to have formed into a flat with a terminal impulse ( rising wedge ) for wave-c. We're now breaking down from that wedge and should see a complete retracement of wave-c in less than 50% of the time it took to form. This will confirm the terminal action for wave-c and confirm that we are heading down to the next major support around 10k. If 10k is unable to hold the next support for wave-E is 6k.
Trade closed manually

⚠️LIKE AND FOLLOW⚠️

Trading ideas are posted first in Discord: discord.gg/zYSJjFUUQq
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.