Breadyang

Bitcoin expected resistance?

Short
BITMEX:XBTUSD.P   Bitcoin

Hello I am Y_B.

Bitcoin is in the fifth wave of Elliott waves after the reverse head and shoulders pattern.

Expected resistance zone is red square.

The red line is the main downtrend line.

We are likely to retest this downward trend to near the 13,000 high near the top.

Thanks for reading.

XBT
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.