Bitcoin Working on a Wave 2 Correction (Downside Impulse)
I'm expecting BTC to complete a 535 correction back up towards $58-$59K.
Stronger downside should continue afterwards.
Bears are currently in control for the short term (days).
LONG SCALP
Within a zig-zag, the following rules apply:
Wave A - can be impulsive or diagonal (in this case it was a diagonal).
Wave B - can be any 3 wave corrective pattern (in this case it was a zig zag).
Wave C - can be impulsive or diagonal (in this case it must be impulsive).
Note: Wave A and C cannot both be diagonals, however they can both be impulsive.
Stronger downside should continue afterwards.
Bears are currently in control for the short term (days).
LONG SCALP
Within a zig-zag, the following rules apply:
Wave A - can be impulsive or diagonal (in this case it was a diagonal).
Wave B - can be any 3 wave corrective pattern (in this case it was a zig zag).
Wave C - can be impulsive or diagonal (in this case it must be impulsive).
Note: Wave A and C cannot both be diagonals, however they can both be impulsive.
Handel aktiv:
Down move was a X wave instead of impulse. We may see an double zag move and retest the $60K zone. Expecting a bull trap!
Kommentera:
Bears should re-take the Wave near $60,666 😈
Kommentera:
X Wave = Blue Extended Flat almost done. Next zig zag up coming in:
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X Wave for the Double Zag now in play.
The A Wave for Y was $2570
C Wave for Y should match the same price ($2570)
This would form a double top formation.