Hello Traders,
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
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Well this is interesting, BTC is still putting up a fight and has pushed above the overhead trendline which looks like an inverse H+S. Still no HH yet. Im wondering if this is a fakeout/bulltrap.
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Price kept breaking out. Passing the first LH pivot marked in red would be bullish.
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This could be in play here.
