to confirm we are out of the long term correction, we need to complete the wave count, retrace above the yellow line and start the last set of impulse up
yellow line is key to break on this impulse wave up
as long as we dont break yellow's wedge structure, yellow's count still holds true and it threatens the possibility of 4.5-5k with one more wave down
breakup here will likely test 14k first breakdown will fall into the potential buy zone
everyone's been expecting. let's hope correction is finally over after
in our falling wedge, btc should make 1 more low around 8k before taking off with these 2 possibilities
we just broke our ascending triangle, consolidating for abit maybe to target the next resistance line
1 more wave down to complete seems like a bull trap atm
price has bounced off the significant support line i drew from the previous post s/r. 5 wave complete, time to test top side and break? break under this should see 11-12 which means we are on 2nd cycle of 4th wave as im writing
the channel s/r lines from way back can give a clue on bounce and triangle breakout