Once again have a near to perfect setup for an ABCD pattern!
Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less.
IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern.
This could take us down into the 12,000 range before finding possible support.
One thing to consider is that BTC Futures is just around the corner. Making this market very unpredictable especially at these record highs.
We have been very blessed this last month, but every once in a while we come back in touch with reality.
Winter is coming, the only question is when.
I wish you all luck & please trade carefully!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Therefore, IF 12,900 is truly the bottom of this leg, we should see a leg up to 15,000-15,500 none the less.
IF BTC fails to break past 15,500 there is a very good chance BTC could turn into a 3 drive pattern.
This could take us down into the 12,000 range before finding possible support.
One thing to consider is that BTC Futures is just around the corner. Making this market very unpredictable especially at these record highs.
We have been very blessed this last month, but every once in a while we come back in touch with reality.
Winter is coming, the only question is when.
I wish you all luck & please trade carefully!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
youtu.be/b79-6P1BvSU