Bitcoin hast topped in the larger wave [ 3 ] up in mid December 2017 and has been in A-B-C down correction since then.
It bottomed in the first leg down of a larger corrective A-B-C on 22 Dec 2017. Then it topped in the wave B up on 6 Jan 2018.
Since then it has been working on five wave decline in the wave C, the final leg of that pullback down.
It has just bottomed in the wave ( iii ) of that wave C. That implies that we should start see from here a corrective move up shaped as a-b-c in the wave ( iv ) up.
Once the wave ( iv ) up tops we will see another decline shaped as a-b-c in the wave ( v ) of C that will make a new lower low and complete the corrective decline off the December 2017 lows.
It bottomed in the first leg down of a larger corrective A-B-C on 22 Dec 2017. Then it topped in the wave B up on 6 Jan 2018.
Since then it has been working on five wave decline in the wave C, the final leg of that pullback down.
It has just bottomed in the wave ( iii ) of that wave C. That implies that we should start see from here a corrective move up shaped as a-b-c in the wave ( iv ) up.
Once the wave ( iv ) up tops we will see another decline shaped as a-b-c in the wave ( v ) of C that will make a new lower low and complete the corrective decline off the December 2017 lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.