TA_Crypto

BTC correction

BITFINEX:BTCUSD   Bitcoin
Right now bitcoin is in its c wave of the abc correction.
In this C wave, we may have ended the 3rd wave of the 5 waves that a C correction makes.
It's important to know that the 4th wave won't cross the first one, so bitcoin should not go higher than 12.5k before finishing its full abc correction
When looking for a good moment to buy we must keep in mind that a 4th and 5th wave are still coming.
Meaning that Bitcoin will probably go even lower. The bottom of its current channel or around 9k seem like a good spot to accumulate.


Penafian

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