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ayeshanicole
Mar 10, 2021 1:58 PM

BTC Flat Correction Short

Bitcoin / U.S. dollarBitstamp

Description

My initial count of EW was ZigZag but as it unfolds I'm seeing a flat correction.
I'm bullish in Bitcoin but it may need to correct/consolidate its gains from its strong run from H2-Q4 of 2020 with spillover of early 2021.

I'll be placing my shorts on the lower-low at the point of Wave 2 of C.
Comments
ayeshanicole
Wave A may not be a falling wedge but just a 3 wave down which is a requirement for Flat Correction.
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