we finaly end correction and must up soon to 70k to finish 3rd wave. time to short soon guys, dont worrys :)
Trade active:
apparently, we have successfully completed the first correction for the third wave. hit exactly the level of 0.618
apparently, we have successfully completed the first correction for the third wave. hit exactly the level of 0.618
Comment:
There are two pieces of news, one good and one bad, starting with the second. Bitcoin is not growing as fast as we would like and the current correction looks more like a fourth and fifth wave than a 1-2-3. This is confirmed by divergence, wave sizes, internal divergence, and all other rules. The good news is that the correction won't be as deep and it won't be a "big dump" as some would have you believe. Because since the last dip, we have formed a good momentum. We are probably waiting for a weekly correction to the area shown on the screenshot. This scenario will be considered as the main one if we break the 56000 line.
Trade closed manually:
the level of 5600 reached, the current scenario is no longer relevant