BITCOIN - Bullish Recovery From Whipsawing Correction

2024年12月10日

BTC

Lots of lower wicks in this area since the retracement Golden Window (0.618-0.786) whipsawing bounce from the third wave completion.

This is a sign of strength.

Also notice how the candle bodies beyond the whipsawing hammer candle hold the price range well and there are no dips.

This is another sign of strength.

Looking good to continue on up.

From here we'll be looking to see if the impulse trend resumes or extended correction.

But overall this is a bullish look 🧐.

Not advice

2024年12月10日

註釋

Update coming soon... 🧐

2024年12月12日

註釋

And so the correction did extend a little, but no further Y axis discovery. The final slump mad a higher low.

From there we've had a very nice bounce.



So that completes a whipsawing 3 wave correction.

If you bought some choice altcoins / crypto stocks in that area you're doing great now 👍.

In higher time frame Bitcoin still hasn't full broken out so there may be some working out to do, but its looking good here.

This area also looks like bullish Pattern Separation is printing and I may post that in another thread 🧐.