Bitcoin - Breakdown coming
We are one month into this price range without any resolve.
Rectangles typically break upwards. We did have a breakout but ended in a false break.
Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.
IMO breakdown is coming within the next few days.
Rectangles typically break upwards. We did have a breakout but ended in a false break.
Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.
IMO breakdown is coming within the next few days.
Catatan
Now to see if the breakout holds.Catatan
Corrective wave ABC looks completed. Last chance to short IMO.Catatan
Daily Chart rejection.Catatan
Wave 3 / C is action. Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.
Catatan
We should be in Wave 4 now. No change to target. Invalidation above 28.6k.
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