We believe the next major BTC movement is coming soon with an upward bias. Symmetrical triangles generally form as the 4th Impulsive Wave, which is followed by another wave
in the same general direction. Detailed wave counts and entry zones are listed in the chart above.
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1. Price hitting triangle support zone marked above
2. 1HR "Take Profit" Signal in the bear trend or 1HR long entry signal or 1HR clear RSI oversold bullish divergence (under 30, and around 9 candles.)
3. A clear 5 wave structure going downwards. Even though corrective waves are hard to count, all C-waves have a clear 5 wave structure.
In the mean time, we are scalping longs in alt coins as they currently have bigger upward momentum compared to BTC.
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