$BTC - March 2023 #Bitcoin Analysis Update

128
Here's an updated count. One thing I'd like to draw attention to is the non-stop increasing volume you can see on this move.
While it is possible to see wave 5s have more volume than wave 3, It is not a likely occurrence; plus RSI has already been divergent for a while.
This whole move above 19k could be the whole of wave 3, and wave 5 could take us well into the box above (which would increase the likelihood that this is a new impulse, and not the C wave of a nasty flat.).
A break above the 1.618 (green fib extension on the chart) is necessary for this to happen.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.