BTC - Sticking with this idea until A is set

26 thg 6, 2021

Still short until Im happy that the 5th wave down in C is over. It could be a truncated 5th and the impulsive is over, or we're setting the wyckoff spring and we bounce. Either way we need to break the trend line to go up, until then Im watching potential reaction zones around my technicals. I'm tracking ABC here as an expanded flat which is only wave A of the entire correction that will ultimately set wave 4 of the impulsive on the macro. The 50 and 200 period moving averages are indicating to me that this wave 4 might drag out as they like to, just look at wave 4 in this idea..