Potential scenario branch
There is a scenario branch in a lower timeframe, even if we are on a bearish path.
What is this triangular shape?
i) Triple three WXY as bearish wave 2. I'm in support of this scenario. Likely to fall from around 25200.
ii) Triangle ABCDE or 12ABCDE as bullish wave 4 of wave 5. The ceiling is 25600-25900, but I am skeptical of BTC making a new high before the presumed coming downside.
We could also assume we are already in bullish wave 5 after finishing an expanded flat at 21370 as wave 4 in a higher timeframe.
A bullish path to 28k would be another story.
What is this triangular shape?
i) Triple three WXY as bearish wave 2. I'm in support of this scenario. Likely to fall from around 25200.
ii) Triangle ABCDE or 12ABCDE as bullish wave 4 of wave 5. The ceiling is 25600-25900, but I am skeptical of BTC making a new high before the presumed coming downside.
We could also assume we are already in bullish wave 5 after finishing an expanded flat at 21370 as wave 4 in a higher timeframe.
A bullish path to 28k would be another story.
Komentar:
Some lines didn't show up, so I have attached this.
Komentar:
No, I meant DOUBLE three. Excuse me.
