BTC correction - not quite done
Unlike LTC correction - which I believe is likely complete, BTC correction does not appear to quite be done yet. But we will know in the next few days to week.
The most likely scenario I see is a rise to 10K-10.5K region followed by the final correction wave down to around $7800-$8200 at which point the correction will be complete and start wave 3 of 3 which will set us up for an impressive bull run.
$7800-$8200 range would be a mandatory buy
The most likely scenario I see is a rise to 10K-10.5K region followed by the final correction wave down to around $7800-$8200 at which point the correction will be complete and start wave 3 of 3 which will set us up for an impressive bull run.
$7800-$8200 range would be a mandatory buy
Note
very defining moment for BTC in the next day - will we break above 9900-10K level and confirm the bullish count?or will we drop below 8700 and head towards 8K as diagrammed above?
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.