#BTC Correction to $42k
This is my first pass at a wave-count for the correction. This wave-count has an ABC correction in progress with a ~
42K low in mid to late December. It assumes that support by the 50WMA (Red) forces price into a triangle which ultimately breaks to find support at a confluence of a strong S/R level and macro 38.2% retracement.
42K low in mid to late December. It assumes that support by the 50WMA (Red) forces price into a triangle which ultimately breaks to find support at a confluence of a strong S/R level and macro 38.2% retracement.
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