BTC WXYXZ correction
Most complex correction I have ever seen.
Best case scenario in case Bitcoin ETF is going to launch in April 2022.
This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found.
In most cases these corrections are not deep.
As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures since the beginning of the correction.
Last impulse wave is in play now.
I think as per this pattern, 31-32K will be the bottom.
This should not be the 12345 Impulse correction which many professional youtubers and even myself advocated earlier.
You can check my previous TA on BTC by clicking on the link below.
Best case scenario in case Bitcoin ETF is going to launch in April 2022.
This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found.
In most cases these corrections are not deep.
As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures since the beginning of the correction.
Last impulse wave is in play now.
I think as per this pattern, 31-32K will be the bottom.
This should not be the 12345 Impulse correction which many professional youtubers and even myself advocated earlier.
You can check my previous TA on BTC by clicking on the link below.
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