….bounces of the 31.8 lvl and diverges with a higher low short term bullish
Would be a regular wave 4 correction
Could play out like that
Could play out like that.
We’ll see how it plays out.
A fall to the 200week would push btc to its intermediate peak
The correction might continue as wave 4, followed by a final impulsive 5
Like that could the RSI look after a impulsive 5wave move
Bounce of the longterm trendline ?
Lets see if it reverses
Choppy ending of the recent bullmarket
38.2 retracement und AB=CD at 1650
....at 1660. WXY equal leg and 38.2 retracement
1.618 fib Extension of wave 1/2
The legs are measuring ab=cd
Could form a final Zigzag in that correction
Possibly x-wave finished for a last leg down to the 200 week ma
Could form a retest of the lower boundary