BTC retrace possibilities to watch: UPDATE on bitcoin down leg
This is an update to the previously posted retrace thoughts
Price meandered in the wave 4 for much longer than I expected (but is actually normal for a wave 4).
Now I am trying to guesstimate where wave 5 might end and an ABC correction up might begin
Price meandered in the wave 4 for much longer than I expected (but is actually normal for a wave 4).
Now I am trying to guesstimate where wave 5 might end and an ABC correction up might begin
Comment:
Truncated wave (5).
Still had the requisite 5 micro wave structure
Still had the requisite 5 micro wave structure
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
But upon close inspection, it seems there was a truncated w5 down, which I will show next.