Get started
FraterOculus

BTC - bottom, or extended fifth wave? Using the inverted chart

Bitcoin (BITSTAMP:BTCUSD)  
FraterOculus  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Wave Analysis Technical Indicators BTCUSD BTC BTCUSDT
1
0
trendanalysis waveanalysis indicator btcusd btc btcusdt
This looks like a bottom on BTC, some are flipping bearish expecting a liquidation wick. This could fool people and trap the shorts, or we could see more longs get liquidated in a sudden fifth wave extension.
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.