ThenDK

BTCUSD: Impulse to $5800 coming before correcting lower?

BITFINEX:BTCUSD   Bitcoin
Dear trading enthousiast,

After the pump to $5400 there are obvious bearish technical signals (i.e. MACD about to cross bearish on the daily), but an impulse wave to $5800 before correctioning lower is still possible as I show in this chart.

A break below the ascending triangle would invalidate this analysis.

TheNDK

This chart is just for your entertainment and not financial advise.
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