Bitcoin Bullish move higher!!

BTC has potentially completed a corrective sequence here and looks to move higher, from the lows of $47300; we can see that we are moving higher in a complex corrective manner which is coherently linked with the 5 wave move down from the Swing top in Bitcoin at $65000. We seem to be completing a complex b wave higher where we can expect price to come towards the 0.786-0.886 or potentially higher to complete a B wave. New short entries may occur once we get an indication that a move lower in Bitcoin will occur. In the short term, holding $55300 was a very bullish signal and an indication that we will move higher in the short term, with key ABC fib ~1.618 fib extension holding within Y wave and nice candlestick reversal structures (wicks to downside). We can now expect some upside price action, however looking at volume and internal sub wave structure, it all seems to be corrective at this stage hence, Bearish downside is likely at the completion of this B wave.

This should allow altcoins to bounce & rally after BTC downside completion.

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