The Correction is not over yet !!
Just trying to make sense of recent BTC price action from Elliot wave Perspective and come up with a bias on short term basis.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
Note
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.