A quick update on BTC in the short term. Two possible scenarios I am looking at. The first being an Ending Diagonal 5th wave represented in the chart. Based on the structure of the first wave, I would be more inclined to say it is the end of something rather than the start of something - hence an Ending Diagonal rather than a Leading Diagonal.
The second scenario I am looking at is a potential flat correction, targeting the expanded B pocket. They both have very similar targets. The importance in differentiating the two is that a flat implies another leg up, but a diagonal indicates a longer correction.
Happy holidays. Hoping to get out a more detailed analysis on larger time frames later on.
The second scenario I am looking at is a potential flat correction, targeting the expanded B pocket. They both have very similar targets. The importance in differentiating the two is that a flat implies another leg up, but a diagonal indicates a longer correction.
Happy holidays. Hoping to get out a more detailed analysis on larger time frames later on.