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Bitcoin has a setup to re-test the previous high made at 53,000
Bitcoin produced a clean (a)-(b)-(c) down corrective structure off the last high made at 52,956.
I count that high as the top of a micro wave ( iii ) up.
The (a)-(b)-(c) down decline retraced a textbook 50% of that rally. That is a typical target for a corrective wave ( iv ) down.
The next move should be subwave (a) of wave ( v ) up targeting the previous high made by wave ( iii ) up around 53,000.
I count that high as the top of a micro wave ( iii ) up.
The (a)-(b)-(c) down decline retraced a textbook 50% of that rally. That is a typical target for a corrective wave ( iv ) down.
The next move should be subwave (a) of wave ( v ) up targeting the previous high made by wave ( iii ) up around 53,000.
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