BTC/USD:
Bitcoin really looks done imo. 5 waves counted on the 4hr TF and zooming into the 15 minute and 5 minute TF we can easily count the subwaves of the Yellow 5.
breaking it up into the purple 5 waves we can see that it all checks out.
going to the 5th Purple wave we can count the 5 subwaves which is always a great indication that an impulse is done.
lastly, grabbing a fib extension from purple subwave 2-4 we can see that wave 5 has hit perfectly on the .618 Fib level.
For now I think we can see a nice retracement but nothing is guaranteed in this market and its really dangerous to short BTC imo.
Bitcoin really looks done imo. 5 waves counted on the 4hr TF and zooming into the 15 minute and 5 minute TF we can easily count the subwaves of the Yellow 5.
breaking it up into the purple 5 waves we can see that it all checks out.
going to the 5th Purple wave we can count the 5 subwaves which is always a great indication that an impulse is done.
lastly, grabbing a fib extension from purple subwave 2-4 we can see that wave 5 has hit perfectly on the .618 Fib level.
For now I think we can see a nice retracement but nothing is guaranteed in this market and its really dangerous to short BTC imo.
