firmestudio

BTCUSDT Wave B seems to be accomplished

Short
OKX:BTCUSDT   Bitcoin/Tether
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C zigzag correction phase.

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.