BTCUSD
CMP: 24955
BTC has completed wave 4 (black color) - which is a triple three WXYXZ (blue color) type of correction - around 24770, which is also the top of Wave 1 (black color).
- Confirmed by internal wave counts of WXYXZ.
- Hourly TF shows positive RSI Divergence
- Hourly TF shows early indication of MACD crossover with MACD line crossing above signal line
- Hourly TF shows increased volume
One can go long from here for target of 30800 - 32300 - 34600.
SL should be daily close below 24800.
Trade active:
1st Target of 30800 achieved.