BTC/ USDT - wave 4 correction or wave C correction
Updated
On the chart - not sure if this would be going down having finished wave 3 at the massive resistance for wave 4 before wave 5 or this was a wave B before a large wave C down.
I would prefer a retest of previous lows to load some more and I think institutions would like that too. So watch out for tweets from famous fund managers saying price is overinflated as it would trigger move down or if they do projections for 100k, meaning price would go up.
I would prefer a retest of previous lows to load some more and I think institutions would like that too. So watch out for tweets from famous fund managers saying price is overinflated as it would trigger move down or if they do projections for 100k, meaning price would go up.
Note
I would take 30-40% profit here at 36500, before we see how it develops further. Could be end of wave 4, we are sitting at channel support and previous high support.Note
Perhaps it is retesting the 36k level after the breakdown. Worth reentering with a short with SL above the blue area.
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