BitcoinUpdated BITCOIN WAVE C RETRACE CHART WITH TARGETS.
Hello Traders,
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
My EW count would suggest we have had 5 impulse waves up with the top of wave 5 being $13810 on Coinbase.
I am now expecting an ABC correction and I think we are in wave C which is normally the most dumpy leg of a correction.
When it comes to the time, looking for oversold conditions and a bullish change of momentum on the RSI near these levels will help identify retrace bottom.
Note
Well this is interesting, BTC is still putting up a fight and has pushed above the overhead trendline which looks like an inverse H+S. Still no HH yet. Im wondering if this is a fakeout/bulltrap. Note
Price kept breaking out. Passing the first LH pivot marked in red would be bullish. Note
This could be in play here. 
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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.