BitcoinLong
$BTC 4 hr tf
Apr 15
The pull back here appears to have cleared out some high leverage while maintaining the range low. It appears thus far that we are in a flat- regular correction as the rules indicate that it ends in an impulsive move, followed by a spring. Considering that we are in a 4th wave of a 5 wave structure, id a expect a bit more downside before hitting the range high. The 1 hr tf has a bullish div. I do expect another 5 wave pullback into pink box before the spring to range high. However the market will decide the outcome.
The pull back here appears to have cleared out some high leverage while maintaining the range low. It appears thus far that we are in a flat- regular correction as the rules indicate that it ends in an impulsive move, followed by a spring. Considering that we are in a 4th wave of a 5 wave structure, id a expect a bit more downside before hitting the range high. The 1 hr tf has a bullish div. I do expect another 5 wave pullback into pink box before the spring to range high. However the market will decide the outcome.
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