In this chart, I am projecting an expanded zigzag pattern in the daily pattern. My bearish scenario is canceled because there has a sign of weakness in the LTF that made my assumed wave 3 into wave C. The reason I am short-term bullish now is that there is a rumors about the FEDs pausing the rate hike in the month of June. This causes the market to pump...
Here are my basic insights of btc this coming month of July. Right now the correction of BTC is neither determined if it is the end or not but for me, I have put my position in long. In this chart basically, I am projecting an expanded zigzag pattern up to the Fibonacci value of 1.61.
Only an idea and not a trading signal. Never the less btc could go further in 20XXX area to fill in the cme gap
We are now appraoching wave 5 in ltf to create a Hidden bearish in HTF