These three potential paths for BTC short term all require reassesment when reached. The lower pink trend line is a fractal line and potential trend line and the targets are where the .786 retrace intersects. A move up or down from any of these targets will be deturmined when reached. Good uck!
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Be advised,
Id like to note there's one more area of interest where we tap $6.800 area and more up.
Id like to note there's one more area of interest where we tap $6.800 area and more up.
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Hit trend target 1. Lets see if we squeak a bounce and more indication of an impulse up!
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White trend line below is there as the other potential trend line in the event we're still in the tail of wave C
Trade closed: target reached:
You can press play and see BTC bounced off the pink bullish trend line when the super majority of Trading View was calling for a capitulation out of fundamental market trends of a healthy asset. BTC Quickly bounced off the Bull trend at the fib I called. I hope others benefited from this objective market view when few would consider the idea, or chart for it. Trade closed, target reached.