Riester

BTC Possible ABCDE Triangle Correction Forming

Long
BYBIT:BTCUSD   None
If Bitcoin forms a higher low at the Liquidity @ 9515, a clean ABCDE triangle correction would begin to form.
I would expect the E Wave to finish around liquidity (0.786 retracement) @ 9580, and then impulse to 10k.

If this plays out I would look to open a long after E Wave finishes. This is subject to change...
Entry: 9580
Target: 10000

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