BTC is in good rally these days, but my believe is that it is still in a correction.
I am not 100% confident in wavecount, but I am confident that BTC is not done correcting until it has gone down to somewhere between 62.500 - 52.500.
If the rally BTC is currently in, I believe we are seeing a flat, and I will correct my count accordingly.. But right now I'm seeing a W-X-Y-X-Z correction.
Be careful, and do not bet on BTC is rallying to a million just yet ;)
For now I believe there will be good odds for following the white line I've drawn on the chart.
I am not 100% confident in wavecount, but I am confident that BTC is not done correcting until it has gone down to somewhere between 62.500 - 52.500.
If the rally BTC is currently in, I believe we are seeing a flat, and I will correct my count accordingly.. But right now I'm seeing a W-X-Y-X-Z correction.
Be careful, and do not bet on BTC is rallying to a million just yet ;)
For now I believe there will be good odds for following the white line I've drawn on the chart.
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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.