BTC ABC correction
Complete the ABC correction before a new ATH.
As always look for the local reactions.
The local wave IV has not been confirmed yet. I could basically go all the way up to 71.800 and still be valid. Additional confirmation would be losing the POC of the range. Which could give a short setup depending on the reaction and information given.
The C correction would also be based on information if losing the range low.
I do not think the bigger 3 wave is complete yet, which this is the ABC correction 4th wave of the bigger wave 3. Wave 3 would see another impulse to new ATH before a possible long and big wave 4.
As always look for the local reactions.
The local wave IV has not been confirmed yet. I could basically go all the way up to 71.800 and still be valid. Additional confirmation would be losing the POC of the range. Which could give a short setup depending on the reaction and information given.
The C correction would also be based on information if losing the range low.
I do not think the bigger 3 wave is complete yet, which this is the ABC correction 4th wave of the bigger wave 3. Wave 3 would see another impulse to new ATH before a possible long and big wave 4.
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Disclaimer
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.