BitcoinLong
BTC Wave 4 Consolidation in Parallel Channel
If this channel plays out, I'm expecting this 5 wave impulse to land around 21000 - 22000.
At the moment, it seems like we are consolidating in a Wave 4. Hard to tell if this is making a triangle or a flat.
Watching for higher 4H and 1D to make Higher Lows to hint towards a triangle.
We could be following a horizontal range from 18000 - 20000, so I would hedge around 19800 - 20000 and watch to see a flip of 20000 as support before going balls deep.
At the moment, it seems like we are consolidating in a Wave 4. Hard to tell if this is making a triangle or a flat.
Watching for higher 4H and 1D to make Higher Lows to hint towards a triangle.
We could be following a horizontal range from 18000 - 20000, so I would hedge around 19800 - 20000 and watch to see a flip of 20000 as support before going balls deep.
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