BTC daily chart is clearly uptrend by Dow theory
on 4H price show strong impulse wave and clear correction phase
now price retrace into 38% of impulse wave
It hard to predict correction phase that when it will end
also very very difficult to predict complex correction
This correction might be double or triple correction that make price ranging for long time
but after I check m30
There are possibility of diamond bottom pattern
diamond bottom pattern is top 10 continue pattern and rank number 6 in Thomas Bulkonski
book
so I think RR it overall OK to open long position here
on 4H price show strong impulse wave and clear correction phase
now price retrace into 38% of impulse wave
It hard to predict correction phase that when it will end
also very very difficult to predict complex correction
This correction might be double or triple correction that make price ranging for long time
but after I check m30
There are possibility of diamond bottom pattern
diamond bottom pattern is top 10 continue pattern and rank number 6 in Thomas Bulkonski
book
so I think RR it overall OK to open long position here