According to EW, BTCUSD has formed a 5 wave impulse and A-B correction. Wave C is about to launch.
It's also clear to see forming head and shoulders pattern on the 1h chart.
According to wave C having 1.618-2 size of wave A, correction should ends between $4600 and $4900.
Everything below $4600 is an oversold zone, it's a very reliable and safe entry, but the price may not go down that low.
It's also clear to see forming head and shoulders pattern on the 1h chart.
According to wave C having 1.618-2 size of wave A, correction should ends between $4600 and $4900.
Everything below $4600 is an oversold zone, it's a very reliable and safe entry, but the price may not go down that low.
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