BitcoinShort
Long term WXY correction of Bitcoin
* Long term correction as WXY (double zigzags)
* Wave B retrace 50% of Wave A
* Wave C looks like an ending diagonal but wave 1, 3 dont have clear threes waves structure. But MACD indicator show previous low is probably wave 3 with MACD lowest low, plus MACD & RSI reverse divergence
* Weekly 30MA act as major resistance, with less volume
Summary: Big drop probably
* Wave B retrace 50% of Wave A
* Wave C looks like an ending diagonal but wave 1, 3 dont have clear threes waves structure. But MACD indicator show previous low is probably wave 3 with MACD lowest low, plus MACD & RSI reverse divergence
* Weekly 30MA act as major resistance, with less volume
Summary: Big drop probably
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