At this time the BTCUSD is in a neutral position, 2 ways ahead but all with a destination: a minimum lower than February 5, you can see oversold indicators but these can be for weeks and even months in oversold levels. In my comment I leave you the pessimistic structure,
You need to watch this crypto for another long, if you observe the AO it shows a clear signal of convergence, this means that a change of trend is near, but for that to happen the price has to break the bearish channel
two options, if BTCUSDT run the wave C degree white in this levels(line green) and finished in 3000 usd; many alts can die in that correction, but if the consensus is positive for BTC, the BTC can break 13k USD, but the wave C degree white will need to happen for finished the correction, and you can see break ATH(+20k USD) in Q4(September or October) of this...
you will need a double bottom for a long trade or break the yellow trend line, its only for education
the last part i see a correction, but the price seems to indicate that the correction will not end yet, I think it needs another 2 waves. Let's see the following days as the correction ends.
you need to see the divergence is too clear, you should expect the price to touch 76.40% fibonacci and a smaller divergence between waves 3 and 5 blue colour But if you want a slightly safer entry, wait for it to break the yellow trend line
wait a litle bit for hold guys, the count is not correct, but the idea is the important, verge break 78.6% fibonacci, but 88.6% is a good level for a long trade, i'm looking longs trades on the green zone .00000350 to .00000260
what's happen with bitcoin? if my count is correct, the wave c of green color is in full development, which would end the wave of yellow color, everything depends on which pattern it is( regular flat b:100% and c:100% of fibonacci or expanded flat wave c more that 100% ) slow stoch (76,4,4) will need to touch the level 20.00 it's only for education
In this pair I need more data, but with the few that I have and the structure of the waves I'm watching a complex correction. For a long trade i needed the price breaks the ema 144 and 169, the fast and slow stoch are below in level 20.00
two options for the a good entry, the fast stoch close to 80.00 - The safest entry for long is when the price break the red trend line -risk entry is when return 78.6 or 88.6 of fibonacci. only if return