Btc has been in a abc correction and it seems that the final wave of the c wave still has to occur.
Though it doesn't mean that bitcoin will drop lower than the low it has made in its 3rd wave.
We should look for the following signs to buy, those are a double bottom and a higher low.
For now those 2 signs seem to have the largest possiblity.
In the small case that wave 5 is the biggest wave, as there is still some room for a correction, than the 8K support should be its lowest.
The possibility of this happening seems low, but there is a possiblity.
If bitcoins remains strong and it can break through the 12.5k, we are very likely to have ended the correction.
Though it doesn't mean that bitcoin will drop lower than the low it has made in its 3rd wave.
We should look for the following signs to buy, those are a double bottom and a higher low.
For now those 2 signs seem to have the largest possiblity.
In the small case that wave 5 is the biggest wave, as there is still some room for a correction, than the 8K support should be its lowest.
The possibility of this happening seems low, but there is a possiblity.
If bitcoins remains strong and it can break through the 12.5k, we are very likely to have ended the correction.