I think BTT is about to begin Wave-C of its correction, then will begin its next impulsive moves upward. See comments for additional details.
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I'm thinking we will see around 0.0006 USDT before we make the next impulsive move upwards for BTT, which will happen quite quickly - should be completed the correction within 2 days.
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Big drop should be soon
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Just another possible outcome as this hasn't made the bearish dump I was hoping for quite yet (but it may be still to come).
This target would make Wave-C 38% of Wave-A, the minimum required by Wave-C in this type of correction to still be valid. If we bounce and break the channel to the upside, the correction can be assumed to be completed, so if you are going for a lower entry, just be aware this would be a potential bottom and watch for that channel break for an entry into a long.
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I think the above scenario is pretty likely after more thought, we are seeing very apparent bullish divergence on the 5 min now, which might cause an upswing to match how I have the overlay pattern now. I was hoping to get a second shot at some really cheap BTT, but we may be nearing bottom in the coming hours.
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showing the bullish divergence on the 5min (red lines on price chart and the RSI at the bottom).
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Just a quick update, as long as we stay above the channel now we should be bullish