My view on BTC right now
looks like we’re going to get a little higher I cannot say how much that will be, therefore our C
Wave is somehow predicted
Option 1, blue, bounce at 10500 retest 11300
Option 2 blue+red, pass thru resistance and finish wave C
Somewhere around 9750
I think we have finished wave C from corrective wave 4.
As long we won't place a lower low we will consider this being the beginning of a new motive wave, we will count this as wave 1.2 up yet to follow wave 3.
Good luck, Star.
BTC quick update. I've set a tight SL on remaining alts, this move has been somehow expected, i have mentioned few times we are due to a corrective wave.
Despite the drop, alts took this pretty good, we can't tell yet if we're gonna continue this correction or if we're gonna recover and go for a potential wave 5
The way i see it is, following the yellow...
BTC-USD Market Update, support is showing some strength, until we brake that there's no reason to believe we have finished our wave, atm it seems like we're forming an ascendant triangle, i would expect btc to follow our defined path, this could also prove to be beneficial for alts, i could easy see some strong moves in the days to come
If we're gonna drop bellow...