As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D
Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.
Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.
Trade safe
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Hi Traders,
Quick update, Wave B was 0,5 = still very bullish market.
So I adjusted wave C. Right no is expected 1:1: extension but it can be truncated in this conditions of Hype :D
Stay tuned. and wait for confirmed RSI convergence at least at 4H CHart.
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Hi Traders,
Hopefully you are doing great :) ....
Till now BTC moves as expected. 0.236 Fib level acted as Support and holded BTC above. Now we broken it and it becomes a resistance.
Partial waves of Wave C are still not 100% clear. So wait for RSI konvergence at least on 6H TF.
Stay tuned and enjoy beautiful weather.
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Possible long opportunity:
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In this moment it also cound be something like Asymetrical // Descending triangle...
The usually consist of 3-3-3-3-3 internal waves. this will be interesting to watch and trade. ;)