Blockbullder

BTC correcting to $22.8k before it's next target of $28k

OKX:BTCUSDT.P   BTCUSDT Perpetual Swap Contract
Hi All,
BTC Currently looks like it's in the process of completing the C leg of a corrective wave.

If this is accurate then we we will see the formation of a Bull Flag pattern which could give a good opportunity for entry at the bottom of that pattern.

Trend line and buying support at the Buy Zone.

Contrary to the many calling for $30 - $40k BTC I believe the $28k zone will be a tough one to break.

Cheers

BB




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.