It's looking like BTC has finished its ABC correction after 5 smaller legs up apart of a large 5 wave pattern as seen on ABCD.
Yesterday we bounced exactly off the 61.8 line but, dipped slightly overnight and it now appears we're on the up trend and leaving the channel. We could leave and comeback retest/reject from here and fall down to the $8.3-8.7K region in that scenario.
Despite this, on the 30 minute chart i'm seeing some good bullish divergence signs on both the MACD and the RSI.
MACD declining, RSI has been below 50% most of this correction period and has again peaked it's head over the 50% line, if it can stay there with some volume over the next few hours we may begin leg 5 which in my opinion will hit some turbulence along the way around support levels and 11.9K, but ultimately stop around Number 5 marker in the blue box.
Doing my best in this space, but still very green and love constructive feedback :)
