So we're currently in wave B of the Wave 4 correction, which has gone into a rising wedge. This is a bearish formation with bearish breakout likely. The rest of wave C is uncertain. Wedges are messy. Plus it's BTC so anything can happen. Two possible scenarios shown on the chart.
- Wave C, leg B - see question marks - is uncertain and not scaled to...
If resistance at 510 SAT gives way it will re-test 489. If it breaks that watch for these correction sweet spots following a big 5-wave move:
467 - Current degree wave 4 low
429 - Larger degree wave 3, 0.5 fib
332 - wave 3, 0.618 fib