BTCUSD : correction soon but more upside to come
BTCUSD is still very strong in Weekly timeframe.
It seems we are within a iii of a larger wave 3 which will end soon in the 3000 area.
Once the correction ended (wave iv), we should close the sub-cycle and larger wave 3 at 8000 (set for now but may change).
For the final wave 5, my guess is it will end in a diagonal. But we are not here for now...
It seems we are within a iii of a larger wave 3 which will end soon in the 3000 area.
Once the correction ended (wave iv), we should close the sub-cycle and larger wave 3 at 8000 (set for now but may change).
For the final wave 5, my guess is it will end in a diagonal. But we are not here for now...
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We are ending the wave 3 @ ~20k
The wave 4 should end at the top of wave 3 which is also 50% retracement.
The wave 4 should end at the top of wave 3 which is also 50% retracement.
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Still in wave 4 and should end between 4800 and 3000
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Quick update : the 3000$ level played its role
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Very low vol period so expect a big momentum move anytime soon
I favor an upside move towards ~30k$ for first TP
Otherwise a last drop would occur and an entry at 5000/6000$ would be very interesting for that same TP
I favor an upside move towards ~30k$ for first TP
Otherwise a last drop would occur and an entry at 5000/6000$ would be very interesting for that same TP
