BTCUSDT POSSIBLE WAVE C OF ABC IN PROGRESS

This is a possible wave C of ABC (wave 4) in progress scenario. Price must break the previous wave 4 low in order to confirm the completion of the pervious wave otherwise watch invalid on chart .

The EWO should turn green above zero and RSI above 50 to confirm positive momentum and momentum should pick up.


Good LUck

Comment:

I am sure many got confused but this idea still valid as wave A of ABC( possible wave 2 up )and in this scenario wave 2 retrace higher than usual. The second scenario is the last wave 5 of C and this will complete wave 2 but in order for this second scenario previous wave 4 low should be taken out first .

I hope this explain things

Comment:

take profit and exit - side way trading i-e wave 4

Trade closed manually:

Invalid