BTC looks like it is in a 7 wave corrective structure and has just completed wave 6 which retraced to wave 4 within wave 5 .This is a very common corrective pattern in the crypto market.
Acc to the 7 wave structure, it still has one wave left which could take btc within the bull flag that came after btc got rejected from 40k.
The bull flag is within the 37.3k to 38.8k region.
IMO BTC is preparing itself for the next move up.
It will be interesting to see how it plays out !
NFA !
Acc to the 7 wave structure, it still has one wave left which could take btc within the bull flag that came after btc got rejected from 40k.
The bull flag is within the 37.3k to 38.8k region.
IMO BTC is preparing itself for the next move up.
It will be interesting to see how it plays out !
NFA !
Trade active:
There you go !!! It moved as expected
