#BTC
ABC correction has finally started. There's a lot of ways in how this can go.
Bullish view:
BTC reached close to $8500 two days ago. It was extremely bullish and correction was due. As wave A ended at 8050, and a corrective wave B, possibly still at play that could target 8380 max range. With that said, corrective wave C hasn't started yet. Seemingly the bullish momentum is strong, wave C could retrace to $7855 and end the wave 4 correction and we can finally work our way up to $8800 - $9000
Ladder buys from $7900 - $7700 would be the best option on the bullish trend.
Extremely bullish: By breaking above $8497 without a retracement below $7900 will mean correction has ended at $8050
Bearish view:
ABC correction on wave 4 normally retraces to 0.618 - 0.5 - 0.382 fib levels but my favorite targets are 0.618 and 0.5 fib levels and that targets $7452 and $7132.
ABC correction has finally started. There's a lot of ways in how this can go.
Bullish view:
BTC reached close to $8500 two days ago. It was extremely bullish and correction was due. As wave A ended at 8050, and a corrective wave B, possibly still at play that could target 8380 max range. With that said, corrective wave C hasn't started yet. Seemingly the bullish momentum is strong, wave C could retrace to $7855 and end the wave 4 correction and we can finally work our way up to $8800 - $9000
Ladder buys from $7900 - $7700 would be the best option on the bullish trend.
Extremely bullish: By breaking above $8497 without a retracement below $7900 will mean correction has ended at $8050
Bearish view:
ABC correction on wave 4 normally retraces to 0.618 - 0.5 - 0.382 fib levels but my favorite targets are 0.618 and 0.5 fib levels and that targets $7452 and $7132.