BTC-USD-Short Bottom strengthening itself with a large prob.
BTC-USD-Short Bottom strengthening itself with a large probability, but main trend is still bearish
The fall from the top at 9,948.00 reaching down the Target Shell of 7,392-7200 zone has built 5 minutes impulsive waves that currently form a wave 1 or A, this is the main tendency which is bearish.
However, the next bounce on 7026-7273.89 zone has dropped an Indicator Short Bottom Technical Probability of 100% the target is up now 7,092-8,015.00 zone. (This might probably be the abc correction of the previous bearish 5 impulsive waves), purple arrow and box.
At the same time the current maximum at 7,599.00 has a tinny 33% of Top Technical Probability there, that could trigger the alternative scenery reaching down the Target Shell of 6,647.00, (red box).
Math chances are now supporting the idea of an up abc correction be completed before getting down again reaching for a possible wave 3orC.
The fall from the top at 9,948.00 reaching down the Target Shell of 7,392-7200 zone has built 5 minutes impulsive waves that currently form a wave 1 or A, this is the main tendency which is bearish.
However, the next bounce on 7026-7273.89 zone has dropped an Indicator Short Bottom Technical Probability of 100% the target is up now 7,092-8,015.00 zone. (This might probably be the abc correction of the previous bearish 5 impulsive waves), purple arrow and box.
At the same time the current maximum at 7,599.00 has a tinny 33% of Top Technical Probability there, that could trigger the alternative scenery reaching down the Target Shell of 6,647.00, (red box).
Math chances are now supporting the idea of an up abc correction be completed before getting down again reaching for a possible wave 3orC.