BTC correction 1-5 bear wave rather than ABC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
My best guess would be that the bottom is in. SEC bullish imo .
Comment: 6K to 9 K a nice 50% gain.

looking for this to play out.
Comment: Could also be a bullish C wave that we are in now.
Comment: Also have Bull flag and Inverse Head & Shoulders on the daily
Also this falling wedge is almost at its target

ABC correction may be complete now and we are ready to begin first wave of wave 3 upwards

LONGS and SHORTS starting to decouple again
Don't think it would take too much for a short squeeze now, this is another thing many are not taking into account
Trade active:
Trade active:
It's not about what you trade, it's about how you trade.
Also this falling wedge is almost at its target
Looks to be following perfect 1-5 wave bearish structure. We might have bottomed at 6k, let's see what market unfolds.
+1 Reply
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