Shortterm view on BTC:
- first I am expecting a short relief rally until we hit the B-Wave on bigger timeframe -> not yet 100% clear if we get a 5 wave or a 3 wave pattern -> have to wait for more confirmation
but higher chance to get a small bounce.
- Afterwards we either get a final harsh c-wave correction or a correction for higher timeframe 2 -> so either way after the bounce it's not yet done, we will get another corrective move. (small corrective or an impulsive harsh c-Wave)
Lets see what the chart will show us in the next couple of hours.
- first I am expecting a short relief rally until we hit the B-Wave on bigger timeframe -> not yet 100% clear if we get a 5 wave or a 3 wave pattern -> have to wait for more confirmation
but higher chance to get a small bounce.
- Afterwards we either get a final harsh c-wave correction or a correction for higher timeframe 2 -> so either way after the bounce it's not yet done, we will get another corrective move. (small corrective or an impulsive harsh c-Wave)
Lets see what the chart will show us in the next couple of hours.
Comment:
Looks like Bitcoin is pretty weak and therefore we can't fully reach our wave b target. Now we are starting the ugly downwards crash. Lets see if we can stop above 17.8k
