I am trying to count the ABC correction in this way.. Some of the counts are not that great but some of those drops were instant panic sells. Monitor the wedge and possible break out, watch for volume confirmation.
Looks like we might just see a lot of green.
We might be looking at a ABC correction after that nice impulse price action. Our chinese friends are celebrating with their family, once they are rested and back in business we are probably going to test the trend
A lot of the traders will be spending time with family and friends startin from February 15 to 21st. Here is some overlays that point to a slow and boring period for BITFINEX:BTCUSD ahead.
I really wished for a harder push yesterday to bring us up back into the wedge. Last chance now to complete a corrective ABC pattern up otherwise further drops