$tusd has always been a good way of charting btc moves as it is a cleaner chart that respects fib and EW.
this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down.
due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a leg up.
the questions is does w4 double bottom and we move up or are we still sub B meaning a double top (or double bottom for btc around the 3200 area) happens before we drop.
either way we need a HH or HL either side for confirmation.
it feels bullish right now but i think a bigger btc drop will happen after a bigger tusd ;-)
this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down.
due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a leg up.
the questions is does w4 double bottom and we move up or are we still sub B meaning a double top (or double bottom for btc around the 3200 area) happens before we drop.
either way we need a HH or HL either side for confirmation.
it feels bullish right now but i think a bigger btc drop will happen after a bigger tusd ;-)
