BTCUSD retrace Update: Bitcoin painting an ABC correction ?
Updated
BTC looks bullish again, but it might just 'B' of an ABC.
The drop was a clear 5 wave impulse down. perhaps the A.
So now we watch the possible wave B with 2 potential targets.
Break of the red 1.618 at 5125 decreases the validity.
Break of the red 1.236 at 5212 pretty much invalidates.
Break of the red Impulse at 5260 would confirm bull again.
The drop was a clear 5 wave impulse down. perhaps the A.
So now we watch the possible wave B with 2 potential targets.
Break of the red 1.618 at 5125 decreases the validity.
Break of the red 1.236 at 5212 pretty much invalidates.
Break of the red Impulse at 5260 would confirm bull again.
Note
Nice confirmation of the 5056 zone on live chart .
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