Hi Traders,
Bitcoin rally from ~$31000 low unfolded as a five-wave impulse pattern. According to EW theory, a three-wave correction follows every impulse before the market resumes in the direction of the impulse.
If this count is correct, the Bitcoin price should resume higher once the correction is completed.
Any further decline must stay above the invalidation level for this count to be valid.
Large View
What's your view on Bitcoin?
Bitcoin rally from ~$31000 low unfolded as a five-wave impulse pattern. According to EW theory, a three-wave correction follows every impulse before the market resumes in the direction of the impulse.
If this count is correct, the Bitcoin price should resume higher once the correction is completed.
Any further decline must stay above the invalidation level for this count to be valid.
Large View
What's your view on Bitcoin?