thekevin

BTC short term bottom?

Long
thekevin Updated   
BITMEX:XBT   Bitcoin
Providing the floor holds here it looks like we have a 3-3-5 abc correction. Time to move up soon hopefully!
Comment:
Breaking down the last wave; we may see one last stab down to count the 5 waves within the C leg. This could truncate or go lower. Expect to see short term bullish div on the RSI form when it happens.

Comment:
Would now like to see an impulsive higher low (inverse head&shoulders, wave 1,2, ect).

Comment:
Wave count invalidated. Still looks like a bottoming structure. However, this wave is another corrective wave instead of the first impulsive wave. (This 5th wave may finish here as a truncated 5th. I have not outlined any technical targets).

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