I believe we are seeing the BTCUSD bull wave finish and now the ABC correction begins. Embedded trading (slow stochastic above 80) is about to be lost and will likely fall. If it falls centerline then the ABC may terminate only half-back from the swing-high.
If the slow stochastic enters below 30 then I think we could retest the prior lows ~19k BTCUSD and ~$5 on RIOT.
As long as price stays above 200 weekly MA it validates a pivot from the bottom.
If the slow stochastic enters below 30 then I think we could retest the prior lows ~19k BTCUSD and ~$5 on RIOT.
As long as price stays above 200 weekly MA it validates a pivot from the bottom.