Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Completed 5 impulse waves and now seemingly an ABC correction to 0.5 fib with another touch of 0.382 at support. Volume diminishing on recent decline and MACD coiling up to turn bullish.
ABC correction did have A and B wave on same wick, don't know how I feel about that. Would be safer to wait for retest of yellow support as 0.382 doesn't seem too strong.