Bitcoin seems to be doing a WXY correction for quite some time. IF my wave count is right, BTC seems to be working on the final 5th subwave of the larger Y wave. I expect a double bottom scenario, where BTC could hit 6 to 6.3k, and bounce from there. The bounce could be impulsive, or continue to evolve into a WXYXZ correction. I'm expecting the latter, but as time progresses, we will evaluate further.
Comment:
Still looking weak, and IF my subwave count is correct, we can expect another leg down. Rising wedge on 15m is a confirmation of the sub elliot wave count.
Still looking weak, and IF my subwave count is correct, we can expect another leg down. Rising wedge on 15m is a confirmation of the sub elliot wave count.
Comment:
Bearflagception
Bearflagception
Comment:
Bear flag broken down. Take profit between 6180-6460.
Bear flag broken down. Take profit between 6180-6460.
Trade closed: target reached
The first dildo. 7100 area is very important as a confluence zone. Lets watch the price action.