BitcoinDiupdate BTC - Macro Ascending Trianlgle
Hell Traders,
Macro Ascending triangle BTC. Five touches lower and upper then breakout later this year. Break down from wave 3 or 4 on lower line will potentially lead to further capitulation to 200WMA. This is either an accumulation or re distribution stage, time will tell.
Macro Ascending triangle BTC. Five touches lower and upper then breakout later this year. Break down from wave 3 or 4 on lower line will potentially lead to further capitulation to 200WMA. This is either an accumulation or re distribution stage, time will tell.
Catatan
If you remember how price oscillated during the last summer lows, I would expect a similar move going forward. Both capitulation candles supported by huge liquation indicated by the measured volume peaks. Volume decreases and strength of down trend weakens, then reversal in play.Catatan
Bearish scenario took precedence. Wave 4 collapsed as expected and now price will oscillate until it finds support on the 200WMA
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