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BTCUSD - start of leg B of the correction?
Was trying to figure out what happened with BTC today, and concluded that I am not quite yet prepared to give up my bearish theory (I know, that sounds annoying).
I found that this could have been a "truncated fifth" of the A leg of the ABC, counted from the ATH in December. The 5th wave of the big A leg was then followed by a flat abcde correction (finished today). From here, B leg of the big ABC could take us up to $13500.
It's just a rough drawing, values might be approximate.
This is not at all trading advice, just a scenario that might occur or not.
BTC today, and concluded that I am not quite yet prepared to give up my bearish theory (I know, that sounds annoying). I found that this could have been a "truncated fifth" of the A leg of the ABC, counted from the ATH in December. The 5th wave of the big A leg was then followed by a flat abcde correction (finished today). From here, B leg of the big ABC could take us up to $13500.
It's just a rough drawing, values might be approximate.
This is not at all trading advice, just a scenario that might occur or not.
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