MDuth

MDuth Updated 

Now that we have a close of the 2nd impulse wave (or possibly "B" of a correction wave), we can now watch to confirm one of the two counts that are in my chart. We could come back down into 4th and then reach out to the top of the channel resistance that shut us down at the last head and shoulders pattern. That would be our 5th wave. The other alternative, less...

MDuth Updated 

We anticipated both wedges to break down and now I believe BTC is now completing wave 1 of an impulse wave. It dropped out of the last wedge for what felt like roughly half a second and headed right back up into the impulse structure that I have been anticipating. It is a bit early and I won't have an confirmation of the impulse nor a super accurate count until...

MDuth

The previous wedge went as anticipated. There was a pretty solid fight towards the end of the wedge but bears prevailed. On the short term we could be looking at another extension down. There is slight bearish divergence on the RSI and bull volume hasn't yet shown enough strength to kick us into an impulse wave back up. If the extension stops at our next channel...

MDuth Updated 

Correction will continue further down. Waiting for the next decent volume bull candle and a potential 2nd wave close to confirm the next bullish impulse series. Pay attention to no-trade zones, just because you are in front of a computer doesn't mean you have to be buying and selling.