COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Here's a possible count. The A of the larger ABC correction which is the 2 of the big cycle has a truncated 5. We're just starting the B of the 2 which could take us up towards 10k-11k which would be the 4 of the previous wave, then down for c (possibly truncated as well?) to finally finish the 2 correction, setting us up for a primary impulsive 3 wave to finish out the year.

It's a possibility in my opinion, previous support and resistance comes into play at these levels, fib levels correspond, but it's also possible that the 2 is a more complicated ABCDE or what not. It's also possible that the correction is in and we're beginning the impulsive 3 wave of the larger cycle. TA is not about predicting the future, it's about showing possible paths, seeing different possibilities allows you to better prepare for different outcomes.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out