Right now, I'm anticipating a correction in BTC where alts could profit.....
The pattern I'm seeing is more or less the same as last week, just a bit less progressive but the idea is still the same.
On smaller timeframe, waves made a pefect 5-legs up and a deep correction. These 5 waves up formed the first leg in the bigger 5 waves up (ABCDE)
Based on fibonacci, I'm anticipating next top in the target box. From where we can look if a correction follows.
This would be the bearish scenario.
Breaking the blue trendline opens the door to the blue targetzone.
Be carefull, trade what you see not what you think