BTCUSD might channel up and down a couple more times, didn't look like a large enough a correction as an ABC after the strong wave 1 impulse from 7.8k.
A more prolonged flat channel might be the answer.
If it plays out, larger wave 3 should be in play next taking us higher.
A more prolonged flat channel might be the answer.
If it plays out, larger wave 3 should be in play next taking us higher.
Note
Invalidated. Looks like it was a smaller ABCDE triangle correction that finished at $10,400
Next impulse was already underway when I posted original idea
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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.