IF this week closes with bullish price bar action, the correction we've seen could very well be over! On the weekly timeframe, we might be setting ourselves up for new highs.
Keep in mind timing is crucial!
We've been through 7 very strong up weeks followed by another 7 weeks of corrective, sideways price action. This consolidation could be the launchpad for the...
#Bitcoin #Crypto #Trading
This chart analysis explores the possibility of Bitcoin being in a W4 correction phase.
Analysis:
W4 Correction: If the current trend is indeed a W4 correction, it should be concluding around May 4th.
Target Correction Zone: The anticipated correction target zone sits around 56k.
Oversold Oscillators: Oscillator indicators suggest...