bakkerfawaz

BTC forming ABC correction ?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Since we have HH on the price and HL in MACD and RSI so far, if the MACD WAVE continue in HL mode it is confirmed ABC ,

So far we have the following negative info:

- RSI HL daily TF.
- MACD HL daily TF.

but all above not valid since we are in bullish market range of RSI from 80 to 40 and the momentum still positive , if the RSI cross 40 level, we move to arrange of 60 - 20 it is bearish .

So far no panic or action until the WAVE is confirmed.

if MACD created HH all above no valid.

Comments

look at my last idea, IMO it could be deeper :)
Reply
@sodae, I checked and I agree, let us wait for MACD wave completion to confirm ABC.
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