Bitcoin against Nasdaq has the potential to be the beginning of wave 3 which has a risk/reward ratio of almost 20.
Supports that it already completed wave 2
1. It hit wave 1 at around 4.73 then retraced back down to wave 2 (1.34) at around 78.6% Fibonacci retracement (1.4)
2. Wave 2 sub-waves A-B-C have been completed
3. It broke the trendline
4. It had bullish divergence on RSI at sub-wave 3-5 of C of wave 2
Supports that it already completed wave 2
1. It hit wave 1 at around 4.73 then retraced back down to wave 2 (1.34) at around 78.6% Fibonacci retracement (1.4)
2. Wave 2 sub-waves A-B-C have been completed
3. It broke the trendline
4. It had bullish divergence on RSI at sub-wave 3-5 of C of wave 2
Trade active:
We're on half way of wave 3