As you see the chart above, BTC is within wave 4 of a larger degree of wave 3.
Wave 4 should be completed (I've considered a regular flat pattern) and due to this, sub-wave C within the pattern should be formed.
Also the pattern talked about can be a triangle and if it is, timing portion of the correction is more obvious.
Then wave 5 which is a upward wave, can be started.
So be ready for a jump!
Wave 4 should be completed (I've considered a regular flat pattern) and due to this, sub-wave C within the pattern should be formed.
Also the pattern talked about can be a triangle and if it is, timing portion of the correction is more obvious.
Then wave 5 which is a upward wave, can be started.
So be ready for a jump!
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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.