Shortterm view on BTC:
- first I am expecting a short relief rally until we hit the B-Wave on bigger timeframe -> not yet 100% clear if we get a 5 wave or a 3 wave pattern -> have to wait for more confirmation
but higher chance to get a small bounce.
- Afterwards we either get a final harsh c-wave correction or a correction for higher timeframe 2 -> so either way after the bounce it's not yet done, we will get another corrective move. (small corrective or an impulsive harsh c-Wave)
Lets see what the chart will show us in the next couple of hours.
- first I am expecting a short relief rally until we hit the B-Wave on bigger timeframe -> not yet 100% clear if we get a 5 wave or a 3 wave pattern -> have to wait for more confirmation
but higher chance to get a small bounce.
- Afterwards we either get a final harsh c-wave correction or a correction for higher timeframe 2 -> so either way after the bounce it's not yet done, we will get another corrective move. (small corrective or an impulsive harsh c-Wave)
Lets see what the chart will show us in the next couple of hours.
Note
Looks like Bitcoin is pretty weak and therefore we can't fully reach our wave b target. Now we are starting the ugly downwards crash. Lets see if we can stop above 17.8k 
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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.