Pirce has been in a corrective wave after the sharp advance in Bitcoin that formed a leading diagonal pattern.
The correction which seems to be unfolding as an a-b-c zigzag pattern is about to complete. The blue zone on the chart is a critical area for the ending diagonal in wave (c) of c to bottom.
The break of wave (2) of c high will signal the resumption of the trend and the invalidation level on the chart will be the stop loss level.
This rally can be short-term A-B-C, or a longterm 1-2-3 wave pattern.
Best of luck on the chart!
Veejahbee.
The correction which seems to be unfolding as an a-b-c zigzag pattern is about to complete. The blue zone on the chart is a critical area for the ending diagonal in wave (c) of c to bottom.
The break of wave (2) of c high will signal the resumption of the trend and the invalidation level on the chart will be the stop loss level.
This rally can be short-term A-B-C, or a longterm 1-2-3 wave pattern.
Best of luck on the chart!
Veejahbee.
