2022-08-01 18:19:30
https://www.tradingview.com/x/ULpFTvdB/
#BTCUSDT 4H
UPDATE
Bitcoin is forming a complex correction at the moment and this last leg up targets are complete. Right now we've three scenarios for this chart, as it is clear on the chart.
First Scenario. Because of the Time and Price Resemblance between this correction, symmetrical Pattern is my first choice which will be the red scenario
Second Scenario. This pattern can also be Diametric pattern, and we might be experiencing the last leg up of this correction which will make price go down (probably below the 17K low)
Third Scenario. This is not my favorite one, because the time limit for this correction is starting to end but there's still a chance that this correction still continues and we see a complex (Diametric + Triangle) Correction form as leg 4.
The overall of this scenarios, say that these price doesn't give us interesting R/R to be a buyer but we should wait for some confirmation to enter short positions, too.
@cryptosignal_best
@cryptosignal_best
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