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rareGear96
Jun 16, 2021 1:41 PM

BTC might rally  

Bitcoin / TetherUSBinance

Description

Invalidation for current impulse :37400.
It looks like a continuation of the small impulse is due . If it's a relief rally 4th wave we will see an ABC where the 5 wave impulse is A .
In case it crosses 46800 on the current impulse that bearish scenario is invalidated imo and a bullish retest of the range at 41-42 is most probable.
Comments
hodler15
why is 46800 important
rareGear96
@hodler15, It would go above the end point of the first zigzag , which probably means it's not a bearish 5 wave down
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