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WickHunter
Jul 5, 2019 11:39 AM

BITCOIN WAVE C RETRACE CHART WITH TARGETS. 

Bitcoin / United States DollarCoinbase

Description

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.

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.
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