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Timgucci
Jan 23, 2022 12:11 AM

BITCOIN (BTCUSD) CORRECTION 

Bitcoin / DollarBitfinex

Description

BITCOIN seems to be completing its 4th wave on the daily timeframe. We can clearly see a 5 - 3 - 5 corrective wave pattern with price currently correcting wave C of (4) and is also in a daily descending channel.
It will be wiser to wait for first impulse (wave 1 of (5)) before considering BTC buys.
In the link below is the forecast shared when BTCUSD started its corrective phase.

Please take time to have a look and be patient for the next bull wave.

Good luck trading!
Comments
mattpython
great analysis..please keep doing more
Timgucci
UnknownUnicorn493766
nice work
Timgucci
@gremic thank you, :).
WolvesOkami
35k is last the wave 1 of wave 5 next final move
Super_B_XinR
It's hard to predict and things will not go well.
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