TCMTrader1

TCMTrader1

Chart is Self Explanatory

TCMTrader1

Current Pattern looks to be completing as an ABC Correction. Targeting the 0.5 Retracement level of the entire move down from 10K This would now complete an X wave Up with a Z wave to Follow. Target for wave 5 at 8080 Area.

TCMTrader1

This Scenario has BTC making a move up to 8 k before falling to complete wave 5.

TCMTrader1

From the wave count shown, it seems that we have completed 5 waves down and are now in the ABC correction.Waves A and B look complete. We see a Diamond bottom formation currently in play with an expected breakout up to complete wave C. Target range for this is around 7000 USD. If you are currently in a position please remember to set a stop loss below the diamond...