BTC: One more low… for now
Added a red count… Anyways.
Green micro circle 1 has a submicro (4) to complete before the the run to micro circle 2. Yellow invalidation line should act as support for the bounce on the new low. Below that line, and I’ll have to start searching for an alternative count for any intermediate term upside potential, which would be low. I suspect price turns up before the yellow line to keep the bulls on board for a small rally to green micro circle 2 or larger rally to red ii. The nature of the upside structure after the point where the counts share a common price will govern whether we see a new high to finish off the yellow count or take a trip to 28k (and potentially 22k) to finish the green circle iv correction.
#SeeMyOtherChartsForDetails
#AllMeasuredMoves
#NotAdvice
#NotRecommendation
Green micro circle 1 has a submicro (4) to complete before the the run to micro circle 2. Yellow invalidation line should act as support for the bounce on the new low. Below that line, and I’ll have to start searching for an alternative count for any intermediate term upside potential, which would be low. I suspect price turns up before the yellow line to keep the bulls on board for a small rally to green micro circle 2 or larger rally to red ii. The nature of the upside structure after the point where the counts share a common price will govern whether we see a new high to finish off the yellow count or take a trip to 28k (and potentially 22k) to finish the green circle iv correction.
#SeeMyOtherChartsForDetails
#AllMeasuredMoves
#NotAdvice
#NotRecommendation
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.