Hello Traders,
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
Comment:
Well this is interesting, BTC is still putting up a fight and has pushed above the overhead trendline which looks like an inverse H+S. Still no HH yet. Im wondering if this is a fakeout/bulltrap.
Comment:
Price kept breaking out. Passing the first LH pivot marked in red would be bullish.
Comment:
This could be in play here.
