The Correction is not over yet !!
Just trying to make sense of recent BTC price action from Elliot wave Perspective and come up with a bias on short term basis.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.