For now the BTC Price is correcting up. (The small blue 5 waves)
The question is now if this will be the 1st wave of a bigger 5 wave impulse (bigger 5 waves in pink leading to a price around 23k) or
if it will end and a new downward ABC correction(pink) comes and maybe even reaches below 5k.
The RSI for me is still not bullish. If it will climb above the Red Line we should have the first scenario and climb to 23k.
If the Price gets below 10k agian, we have very likely something like the sceond scenario.
The question is now if this will be the 1st wave of a bigger 5 wave impulse (bigger 5 waves in pink leading to a price around 23k) or
if it will end and a new downward ABC correction(pink) comes and maybe even reaches below 5k.
The RSI for me is still not bullish. If it will climb above the Red Line we should have the first scenario and climb to 23k.
If the Price gets below 10k agian, we have very likely something like the sceond scenario.