Looking at the 
BTC chart, we are in a Flat Correction. This is similar to the first correction after the high in December.
Also, I have noticed that when BTC corrects it is fairly short and only retraces between 38.2% & 50% Fibonacci Levels.
The highest recent retrace was 61.8% after the First Wave 1 since the bottom.
I expect WAVE C to finish its correction between 123.6%-161.8%. I am leaning more toward the latter.
Stay thirsty my friends,
-AB
*Educational purpose only.
Cleared up the Chart:
BTC chart, we are in a Flat Correction. This is similar to the first correction after the high in December. Also, I have noticed that when BTC corrects it is fairly short and only retraces between 38.2% & 50% Fibonacci Levels.
The highest recent retrace was 61.8% after the First Wave 1 since the bottom.
I expect WAVE C to finish its correction between 123.6%-161.8%. I am leaning more toward the latter.
Stay thirsty my friends,
-AB
*Educational purpose only.
Cleared up the Chart:
Not
Looking into the 1M Chart. It looks like BTC is trying to comeback, as I have labeled the 1st Impulse wave. This could be a sub-wave in Wave C of the Correction.
Not
Update:We are still in the Correction. It might get ugly for a couple hours.
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.