IF BTC continues downward from current 46600 zone, it will soon break the ascending triangle.
A measured move down will be the height of the triangle, which also coincides with a measured square range down to 40k-41k zone as I mentioned several times in previous posts.
This will happen very fast & I think dip_buyers will come quickly in this demand zone.
The ABC down move may be near completion ending wave 4. Wave 5 to start after that.
I am bearish to neutral in the short term but very bullish on the long term.
Happy Holidays everyone!
This is not financial advice.
A measured move down will be the height of the triangle, which also coincides with a measured square range down to 40k-41k zone as I mentioned several times in previous posts.
This will happen very fast & I think dip_buyers will come quickly in this demand zone.
The ABC down move may be near completion ending wave 4. Wave 5 to start after that.
I am bearish to neutral in the short term but very bullish on the long term.
Happy Holidays everyone!
This is not financial advice.