BTC/USDT (4H) ShortTerm correction of Higher Degree

Hi Traders,


As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D

Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.


Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.


Trade safe

Trade active:

Hi Traders,

Quick update, Wave B was 0,5 = still very bullish market.

So I adjusted wave C. Right no is expected 1:1: extension but it can be truncated in this conditions of Hype :D

Stay tuned. and wait for confirmed RSI convergence at least at 4H CHart.

Comment:

Hi Traders,

Hopefully you are doing great :) ....

Till now BTC moves as expected. 0.236 Fib level acted as Support and holded BTC above. Now we broken it and it becomes a resistance.


Partial waves of Wave C are still not 100% clear. So wait for RSI konvergence at least on 6H TF.


Stay tuned and enjoy beautiful weather.

Comment:

Possible long opportunity:

Comment:

In this moment it also cound be something like Asymetrical // Descending triangle...

The usually consist of 3-3-3-3-3 internal waves. this will be interesting to watch and trade. ;)